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Russian Crisis: The Impact on the ISE

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  • ISE Research Department

Abstract

Despite the declaration of the Russian government on August 14, that a devaluation would not be considered, just after a few days, the devaluation of the Ruble by 33 % against the dollar and the announcement of a debt moratorium that followed thereafter have initiated the Russian crisis. The effects of the Russian crisis were felt strongly in some of the Turkish sectors that have close economic and trade relations with Russia. Firstly, this study analyzes the relationship between the ISE and Russian Indices in 1998 and during the crisis period, in particular. Within the framework of the effects of the Russian crisis on the Stock Market of the Istanbul Stock Exchange (ISE), the price performances of the ISE traded companies which have close business activity with Russia and their relevant sectors are compared with other companies and sectors which do not have close business dealings with Russia as well as ISE-All Shares companies during the term of the prevalent crisis.

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  • ISE Research Department, 1999. "Russian Crisis: The Impact on the ISE," Istanbul Stock Exchange Review, Research and Business Development Department, Borsa Istanbul, vol. 3(10), pages 33-52.
    • Handle: RePEc:bor:iserev:v:3:y:1999:i:10:p:33-52
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    File URL: http://www.borsaistanbul.com/datum/imkbdergi/EN/ISE_Review_10.pdf
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