Development of the Macedonian stock exchange
Development of the Macedonian stock exchange

Summary/Abstract: The operating and the level of development of the stock market estimate through more indicators. Ones of these indicators are the market capitalization/GDP that presents the scope of the market, and market turnover/GDP and market turnover/market capitalization as the indicators for the market liquidity.In the analysis is covered over the 10 years of the functioning of the Macedonian Stock Exchange (MSE), which further allows to see an negative impact from the global financial crisis on the operating and the development of the MSE.In the paper, a comparative analysis is made on the Macedonian Stock Exchange with some stock exchanges in the region, confirming the unfavorable trend in the development of the Macedonian Stock Exchange after the global financial crisis.

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