SECURITIES MARKET STRUCTURE AND FOREIGN EXCHANGE MARKET

Market economies require constant mobilization of temporarily free financial resources and their redistribution among business entities. In practice, this is provided by market finance.
The definition of financial markets is uncertain from the most general (so to tell, contour) before the personal, tied to the specifics of a phenomenon due to narrowing the volume of the concept. At the first illustration quality approached could lead filed and. Yu. Lvov's definition of financial markets is how the ball "functions finance and credit mechanisms." general approach declared and l p. White in education benefits fundamentals of financial markets. According to the authors, "financial market - this is the general name for the market, on which there arise demands and offers for various payments of funds". But in this definition there is one limiting factor: a financial object mixed market only to the means of payment. Expansive interpretation is present in the and approach. T. Balabanov. By his opinion financial markets - "this spherical manifestation of economic relations between sellers and buyers of financial resources and investment values." about such a similar point of view shared by the author of the textbook "stock market" n. And. Berzoned, but. Yu. Arshavsky and e but. Buyanov.
In one of the first russian textbooks on the securities market the document under the editorial pada. From. Torkanovsky financial market considered how "the totality of all financial resources of the state… Lies in the permanent movement, distribution or redistribution, changing under the influence of supply and demand for these resources…".
Unconditional self-esteem is given a definition consisting in instruction on the similarity of the financial market with the market system of relations in general, an appropriate, on the relationship of demand and advice.
An example of a second approach in interpreting the concept under consideration might serve to understand the financial market simply how the market is worth documenting (in the context of the stock market approved by the authors), is presented, in particular in the educational allowance "pricing on financial markets", published under the editorial pada. E. Esipov. And although in his new education allowance with a similar name on. E. Esipov and g. But. Makhovicova pointed out later, what is the market worth of documents represent yourself segment of the financial market, however, one can talk about the preservation of the former author's point of view.
Without disputing these approaches and generally respecting the noted positions, it is best to tell, what they appear is not at all true.
Again pragmatically speaking foreign researchers, for those characterized by operations in macroeconomic terms, in particular, such as how to accumulation and investment. At this extraordinary relationship the choice in the main quality objective of the financial market efficient distribution of savings, make jk wang horn. In his book macroeconomics. The global approach” by j. Sachs and b. Larren considers how financial markets compare to asset finance (in my turn, asset finance is considered to be one of the investment options).
I think what closes to this approach the local and researcher position. But. Blanca, consider the financial market how the market, on which the object of buying and selling act various financial instruments and financial services. How dignified such an agreement should be. First, an indication of the general sign of each market - a comparison of demands and suggestions (buying and selling are defined by ia blank); second, the selection of various objects of this market - financial tools and financial services.