IDEAS home Printed from https://ideas.repec.org/h/spr/prbchp/978-3-030-39859-0_12.html
   My bibliography  Save this book chapter

The Formation of the Single Stock Market by Russia and Kazakhstan in the Conditions of Development of the Eurasian Economic Union

In: Regional Economic Development in Russia

Author

Listed:
  • Tatiana K. Blokhina

    (Peoples’ Friendship University of Russia)

  • Elena Y. Goryunova

    (Peoples’ Friendship University of Russia)

  • Dmitry V. Kovalevich

    (Peoples’ Friendship University of Russia)

Abstract

This chapter explores the relationship between stock market capitalization and macroeconomic factors (inflation rate, refinancing rate, US dollar/national currency rate, nominal GDP) based on the time series data complied in Russia and Kazakhstan from 2010 to 2017. Due to the multiple linear regression model, there is a strong correlation between stock market capitalization and the US dollar/national currency rate and the insignificant correlation with other indicators. Such correlation is connected with the monetary policy of currency appreciation and fixing of its exchange rate in the considered countries. This paper also considers the main problems, which should be solved for the provision of a single stock market by these countries: asymmetry of the development level of the stock markets, current inconsistencies in legislative and methodological support, the development level of the market infrastructure. There is also an organizational activity of professional participants from these countries, the lack of effective cooperation and information exchange among professional participants of the stock markets in partner countries.

Suggested Citation

  • Tatiana K. Blokhina & Elena Y. Goryunova & Dmitry V. Kovalevich, 2020. "The Formation of the Single Stock Market by Russia and Kazakhstan in the Conditions of Development of the Eurasian Economic Union," Springer Proceedings in Business and Economics, in: Niyaz Kamilevich Gabdrakhmanov & Lenar Nailevich Safiullin (ed.), Regional Economic Development in Russia, pages 135-145, Springer.
    • Handle: RePEc:spr:prbchp:978-3-030-39859-0_12
    DOI: 10.1007/978-3-030-39859-0_12
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    More about this item

    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:spr:prbchp:978-3-030-39859-0_12. See general information about how to correct material in RePEc.

    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 bibliographic 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.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

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

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.