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Regional Securities Market as a Mechanism to Attract Investment: Assessing the Effects of Russia’s Accession to the WTO (Case of Irkutsk Oblast)

Author: Natalya A. Zvyagintseva, Cand. Sc. (Ec.), Assistant-Prof. of Banking & Securities Dept.

Abstract: The rationale for the development of regional securities markets as a mechanism for attracting investment is provided. The current state of the securities market in Irkutsk oblast is analyzed. The content of Russia’s commitments taken under the WTO in the area of financial services in the securities market is examined. The authors evaluate the effects of Russia’s accession to the WTO for the economy of the Irkutsk oblast in the direction of the securities market.

Key words: securities market; investment; securities market of the Irkutsk oblast; the World Trade Organization (the WTO); financial services in the securities market; professional participants of the securities market.