Perspectives of Investment Banking in the Republic of North Macedonia

Abstract

In the last several decades, the investment banking has been becoming more actual, mainly as a result of the process of globalization and integration of the world financial markets. The needs for international portfolios diversification and capital providing under the best conditions, determine the need of global functioning of the investment banks. The essence of the investments banking is in mediation during the securities taking over and placement in the primary capital market, and offering intermediary financial services in the secondary market, in a role of dealers and brokers. In the primary market, the investment banks perform the advising function, the function of underwriting and the function of distributing the newly-issued securities. The subject of this research will be the investment banks role and importance in the capital market, with a special accent on the prospects of the investments banking in the Republic of North Macedonia