Journal of Science and Innovative Development ISSN 2181-4317

INDICATORS FOR ASSESSING THE LEVEL OF MONOPOLIZATION OF FINANCIAL MARKETS AND THE POSSIBILITY OF THEIR USE IN UZBEKISTAN

Каюмов Равшан Исмаилович February 27, 2021

Abstract

<p>The subject of the research is the indicators for assessing the level of monopolization&nbsp;of fi nancial markets in Uzbekistan. The purpose of the study is to determine the types of indicators&nbsp;for assessing the level of monopolization of fi nancial markets, acceptable for use in Uzbekistan,&nbsp;and substantiation of their critical values. The methodological basis was provided by fundamental&nbsp; research in the fi eld of competition development and antitrust regulation of fi nancial markets.&nbsp;Structural, logical and systematic approaches were used. The analysis of indicators used in foreign&nbsp;practice for assessing the level of monopolization is carried out; generally accepted and specifi c&nbsp;for individual countries indicators for assessing the level of monopolization of markets and their&nbsp;critical values are determined. The relationship between individual indicators for assessing the&nbsp;level of monopolization is revealed. Based on the analysis of the state of competitive relations&nbsp;in the fi nancial markets, it was found that the credit market is monopolized by banks with state&nbsp;participation, and the stock market is highly concentrated by a small number of participants&nbsp;<br /> due to its underdevelopment. The factors that complicate the quantitative assessment of the state&nbsp;of concentration in the fi nancial markets are identified. The research results can be used by&nbsp;the Antimonopoly Committee of the Republic of Uzbekistan and the antimonopoly authorities of&nbsp;countries with similar economies to form and improve antimonopoly legislation. Inaccordance&nbsp;<br /> with the results obtained, indicators for assessing the level of monopolization of fi nancial markets&nbsp;in Uzbekistan are proposed, the critical values of these indicators are justifi ed.</p>