Modern Trends of Development of Financial Markets in Georgia

Abstract

During the last decades, financial markets have undergone multiple changes. Along with the globalization of markets, more rapid growth of the markets of derived securities, changes of corporation ownership structures and others are noticed. Together with the mentioned issues, in the Manuscript we determine state of the financial market and its problems in Georgia; attention is paid to one of the most important attributes of the financial market – economical value of the yield curve developed by the National Bank of Georgia with the assistance of the experts of the Central Bank of Czech Republic. The factors determining yield curve are defined in the Article, together with their application of evaluation of future interest rates. Important proposal for developing mechanism of securities in Georgia are represented in the Article, such as: the European Union - resulting from the duties towards the agreement of Georgian association the low of derived securities markets should approach to the ones of the European Union. The government is required to create a long term plan for financial instruments development, it is essential to share international experience, which involves sharing the best practice and creating justice basis of modern standards with the participation of large number of professionals. The government is responsible for supporting the enlargement and improvement of service of market participants. It also shall guarantee the transparency of derived securities market as well as higher level of organizing and trustworthy.