The study is dedicated to the analytical approaches and application of the instruments recommended for the formation of finance instruments and evaluation of their feasibility (sample of NASDAQ OMX Baltic securities). The financial sector as a generator of sustainable development is at the same time an important instability determinant influencing the risk of adverse economic recession. The first part (Laima Urb ien, Aliona Matvejeva) is investigating the relationship & trends in variables that may capture the impact of stock market development on economic growth, by employing Granger...