Abstract

In the present era, when the processes of globalization are accelerating, large investment companies direct their funds to the economies of developing countries twice as much as compared to developed countries. Despite the growth of investment flows in developing countries, capitalization of stock markets, transparency, liquidity, volatility of stock prices, high transaction costs complicate the process of using the optimal method of regulating the financial market. The level of capitalization of the financial markets of developing countries is increasing year by year.