MONITORING OF ALTERNATIVE TECHNIQUES OF DETERMINATION OF COUNTRY RISK FOR DEFINITION OF CONTOURS OF THE KAZAKHSTAN STOCK MARKET

Purpose – the review of modern methodologies of assessment of country risk and their application to the national stock market. On a basis: the review of modern methodologies of assessment of country risk of the international rating agencies, identification and a research of positions of concrete potentially interested parties (JSC Kazakhstan Stock Exchange, the broker, consulting companies, investors and so forth) to reveal some determinants of increase in rating of the stock market
Methodology – studying of scientific literature, questioning, observation, interviewing, classification and groups and so forth. On the basis of methodical approach to creation of rating assessment of country risk will be applied combination of all above-mentioned methods taking into account their advantages, shortcomings and alternatives.
Originality / value – to define the contours of the national stock market promoting the economic growth of the country and influencing on country risk.
Findings – on the basis of the analysis and identification of key problems of development of the national stock market some approaches when determining his qualitative characteristics are developed that will positively affect at quantitative estimations of cost of the domestic companies and also some measures for increase in rating of the Kazakhstan stock market are proposed. All financial institutions of RK, investors and the Kazakhstan companies joint-stock companies, medium business and so forth are interested in results of a research already now.

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