IDEAS home Printed from https://ideas.repec.org/h/gai/gbchap/re37-03-en.html
   My bibliography  Save this book chapter

Section 3. Financial Markets and Financial Institutions

In: Russian Economy in 2015. Trends and Outlooks. (Issue 37)

Author

Listed:
  • V. Mau
  • A. Bozhechkova
  • A. Kiyutsevskaya
  • P. Trunin
  • S. Belev
  • A. Alaev
  • A. Mamedov
  • E. Fomina
  • A. Abramov
  • A. Shadrin
  • O. Izriadnova
  • S. Drobyshevskiy
  • M. Kazakova
  • S. Tsukhlo
  • G. Idrisov
  • A. Kaukin
  • Yu. Ponomarev
  • Yu. Bobylev
  • E. Gataulina
  • N. Shagaida
  • V. Uzun
  • R. Ianbykh
  • N. Volovik
  • M. Baeva
  • A. Knobel
  • L. Karachurina
  • T. Kliachko
  • I. Dezhina
  • G. Malginov
  • A. Radygin
  • G. Zadonskiy
  • E. Apevalova
  • N. Polezhaeva
  • G. Sternik
  • V. Tsymbal
  • I. Starodubrovskaya
  • K. Kazenin
  • V. Zatsepin

    (Gaidar Institute for Economic Policy)

Abstract

The year 2015 saw a continuation of the longest slump in the history of Russia's stock market, which had started in May 2008. In 1997–1998, after the RTS Index had dropped by 91.3%, and the MICEX Index - by 73.0%, from their pre-crisis highs over a period that lasted slightly more than a year, they both managed to recover their former quotes in 58 and 8 months respectively (Table 1). Now, as of February 2016, after their plummet during the acute phase of the 2008 crisis, both these stock indices have never recovered: the MICEX Index over the period of 88 months, and the RTS Index – 85 months.

Suggested Citation

  • V. Mau & A. Bozhechkova & A. Kiyutsevskaya & P. Trunin & S. Belev & A. Alaev & A. Mamedov & E. Fomina & A. Abramov & A. Shadrin & O. Izriadnova & S. Drobyshevskiy & M. Kazakova & S. Tsukhlo & G. Idris, 2016. "Section 3. Financial Markets and Financial Institutions," Book Chapters,in: Russian Economy in 2015. Trends and Outlooks. (Issue 37), edition 1, chapter 3, pages 83-170 Gaidar Institute for Economic Policy.
  • Handle: RePEc:gai:gbchap:re37-03-en
    as

    Download full text from publisher

    File URL: http://www.iep.ru/files/RePEc/gai/gbchap/RE37-03-en.pdf
    Download Restriction: no

    More about this item

    Keywords

    Russian Economy; Financial Markets;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gai:gbchap:re37-03-en. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Victor Hugues). General contact details of provider: http://edirc.repec.org/data/gaidaru.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.