THE IMPORTANCE OF THE DEVELOPMENT OF FINANCIAL MARKETS IN THE ECONOMY OF UZBEKISTAN

Until now, when the question of the role of the financial sector in the development of the country's economy was put forward by Josef Schumpeter in 1911, it has been recognized by all scientists that the development of this industry is necessary for the development of the economy. Financial sector, on the other hand, is a set of financial institutions, instruments and markets. Taking into account the fact that today the highest share in the gross domestic product of the developed countries of the world belongs precisely to the sphere of financial services, relying on their experience, the development of the sphere of financial services in the economy of Uzbekistan, especially financial markets, is one of the most important issues facing our country.