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Financial Markets and Financial Institutions in Russia in 2015

Author

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  • Abramov Alexander

    (RANEPA)

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. 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

  • Abramov Alexander, 2016. "Financial Markets and Financial Institutions in Russia in 2015," Published Papers ppaper-2016-265, Gaidar Institute for Economic Policy, revised 2016.
  • Handle: RePEc:gai:ppaper:ppaper-2016-265
    as

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    File URL: http://iep.ru/files/RePEc/gai/ppaper/ppaper-2016-265.pdf
    File Function: Revised version, 2016
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    More about this item

    Keywords

    Russian economy; financial markets; financial institutions;

    JEL classification:

    • G01 - Financial Economics - - General - - - Financial Crises
    • G12 - Financial Economics - - General Financial Markets - - - Asset Pricing; Trading Volume; Bond Interest Rates
    • G18 - Financial Economics - - General Financial Markets - - - Government Policy and Regulation
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G24 - Financial Economics - - Financial Institutions and Services - - - Investment Banking; Venture Capital; Brokerage
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • G33 - Financial Economics - - Corporate Finance and Governance - - - Bankruptcy; Liquidation

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