Elements of Financial Markets' Infrastructure Development in Russia: Empirical Research

Abstract

Paper deals with elements of financial markets' infrastructure. Several cases were chosen for analysis. They are: lease services, business valuation and appraisal, unit investment trusts, banking. Each case is studies as a separate industrial market. Special methodology of market structure analysis is suggested and applied under research. Selected examples don't pretend to represent the complete picture of Russian financial markets' infrastructure. They represent different types of such infrastructure elements. The effectiveness and general state of infrastructure are influenced by them. The results show that controversial tendencies could be observed in Russian economy.