STOCK MARKET INTEGRATION BETWEEN RUSSIA, KAZAKHSTAN, AND BELARUS WITHIN THE SINGLE ECONOMIC SPACE: PROBLEMS AND PROSPECTS

Abstract

This article considers the main problems of the stock market integration between countries – members of the Single Economic Space (Russia, Kazakhstan, Belarus). The economic indicators of the level of securities market development for SES members in the context of stock market, corporate market, and government bondswere systematized. The asymmetry in the qualitative development of the securities markets of SES countries and complexity of that integrationwere revealed. Mindfulness attention was focused on the current condition, risks, and prospects of the Belarussian stock market integrated. The author revealedtasks which solution seems paramount to creating ofthe three-countries-integrated stock market with taking into account the features of financial systems of Russia, Kazakhstan, and Belarus.