The effect of liberalization of trade in financial services on the development of emerging stock markets (A Proposed Model)

Abstract

There are several proposals trying to show what needs to be done to create a stock market, and make it function as an intermediary between the owners of financial surpluses and deficits in local and global finance system, and through our study we will try to highlight the factors leading to the establishment of Securities Market, and work to develop in the later stages , according to a theoretical model that includes various economic and legal aspects, through the availability of financial services trade liberalisation agreement. Divided form elements to the basic factors which can be provided by the Convention, and to the supportive factors serve as fertile ground work through effectively, and we have to arrange form elements are making it appear defects of any Stock Exchange as soon as its conformity with the elements and access to the most important deficiencies that cause underdevelopment.