Factors Affecting the Level of Development of Financial Markets of Countries

In modern economic reality, the stock market has become an independent component in the structure of national economies of states. It is impossible to ignore the influence of the stock market on the country's economy when developing economic policy, since many processes directly depend on the positive dynamics of the stock market ynke. Most countries have developed developed systems of national exchanges designed to support listed companies and ensure their sustainability. However, like any government institution, the stock market is subject to the influence of macroeconomic factors that directly affect the level of market capitalization om through separate companies. At the same time, one cannot ignore the microcharacteristics and characteristics of investors as a group of individuals with different levels of awareness and competence in trading on the national exchange. Identifying these factors is becoming a necessity today, since controlling this complex system and using the changes occurring in it to your advantage will allow which benefits all participants in the economy. The purpose of this study is to study the factors influencing the size of stock market capitalization using the example of various countries. Thus, the study will use a macro approach to analyzing groups of markets in the aggregate and identifying patterns