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Securities Market Impact on Economic Growth

Author

Listed:
  • Aleksander Nikolayevich Zelenuk

    (Moscow State Institute of International Relations (University) MFA Russia, Moscow, Russia)

  • Viktor Nikolayevich Kirillov

    (State University of Management, Moscow, Russia)

  • Galina Aleksandrovna Orlova

    (Russian Foreign Trade Academy, Moscow, Russia)

Abstract

In the article, the authors consider the impact of the securities market changes on economic growth in the modern market economy. They underline the expanded issue and sale of securities in developed economies; show the structure of the market, emphasizing the rapid increase in the derivatives issuance. The authors reveal the ways the securities market influences the changes in economic indicators and emphasize the extremely high volatility of derivatives, noting that quite often they are bought as a result of exuberance, often without careful estimation of the risks. Special attention is paid to “bubbles” in the economy that arise due to ebullient demand for unsecured securities.

Suggested Citation

  • Aleksander Nikolayevich Zelenuk & Viktor Nikolayevich Kirillov & Galina Aleksandrovna Orlova, 2021. "Securities Market Impact on Economic Growth," Russian Foreign Economic Journal, Russian Foreign Trade Academy Ministry of economic development of the Russian Federation, issue 8, pages 76-85, August.
    • Handle: RePEc:alq:rufejo:rfej_2021_08_76-85
    DOI: 10.24411/2072-8042-2021-8-76-85
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