Capital Market Development: Challenges and Opportunities

Abstract

The paper aims to analyze the current standing of capital markets and show the possible solutions for further development by observing the examples of several countries. In order to achieve the goal, the paper describes the historical context and current status of the securities markets in developing countries, especially in Georgia and evaluates it. Finally, the paper presents a number of recommendations in order to make the capital market more attractive for investors. Research is basically based on studies of Georgian capital markets and is designed so as to address the real-world problem and to contribute to academic literature with regard to financial markets. Therefore, its results will be useful and interesting for developing countries and asset management companies and investment banks.