The role of stock exchange markets in development of capital market in Serbia and the region

Abstract

The successful development of the economy of a country is conditioned, among other things, by development of its capital market. One part of the capital market is the stock exchange where are securities purchased and sold. The subject of this paper is to analyze key indicators of capital market development in Serbia and the region, with emphasis on stock exchanges. Its aim is to provide insight into the factors that led to the current situation on those markets and to propose measures to overcome the current difficulties. The first part of the paper is tabular and graphical analysis of the main indicators of capital market development. The second part presents overview of the current situation and current problems that shakes capital markets in these countries. The conclusion is consideration of measures to overcome the problem.

Keywords

• market capitalization
• turnover
• liquidity