FORMATION OF EFFICIENT CAPITAL MARKET IN REPUBLIC OF BELARUS

Abstract

The necessity for creation of theoretical foundation as a basis of financial security of economic development at micro- and macro-levels is justified in the paper.A contradiction between requirements which are formed in respect of financial assets from the side of internal and foreign investors and their cash-down proposal is revealed in the paper. The paper also considers several options to solve the given contradiction on the basis of changes in structure of corporative financing and stimulation of corporative bond market.