ESSENTIAL APPROACHES TO ENHANCING THE CAPITAL MARKET INFRASTRUCTURE IN UZBEKISTAN
Keywords:
Literature Review The literature review examines previous research and studies related to capital market infrastructure development in emerging economies, including Uzbekistan.Abstract
The development of the capital market infrastructure plays a crucial role in ensuring the sustainable growth of the financial sector and overall economic stability. Uzbekistan, as a rapidly developing economy, has significant potential to enhance its capital market infrastructure. This paper explores the main strategies for advancing the infrastructure, highlights key challenges, and provides recommendations to foster a more efficient and robust capital market in Uzbekistan.
References
1. World Bank. (2022). Capital Market Development in Emerging Economies. Washington, D.C.: World Bank Group.
2. International Monetary Fund (IMF). (2021). Financial Sector Assessment: Infrastructure and Capital Markets. IMF Publications.
3. Asian Development Bank (ADB). (2020). Capital Market Infrastructure in Central Asia: Challenges and Opportunities. Manila: ADB.
4. Uzbekistan Capital Market Development Agency. (2023). Annual Report on the Development of Uzbekistan’s Financial Markets. Tashkent.
5. OECD. (2021). Enhancing Financial Market Regulation in Emerging Economies. Paris: Organisation for Economic Co-operation and Development.
6. Central Bank of Uzbekistan. (2022). Monetary Policy Report and Financial Market Overview. Tashkent.
7. Andronova, I. V., & Karimov, R. S. (2020). The Role of Technological Advancements in Developing Emerging Capital Markets. Journal of Financial Economics, 12(4), 45-59.
8. Caprio, G., & Honohan, P. (2018). Finance for Growth: Policy Choices in Developing Countries. Oxford University Press.
9. Uzbek Ministry of Finance. (2022). Investment Climate and Financial Market Reforms in Uzbekistan. Tashkent.
10. Claessens, S., & Glaessner, T. (2020). Electronic Finance: Reshaping Capital Market Infrastructure. World Bank Working Paper Series.
11. Shapiro, A. C. (2019). Multinational Financial Management. Wiley Publications.
12. Nurmatov, O. (2021). Improving Financial Literacy for Capital Market Development in Uzbekistan. Tashkent State University Press.
