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The Russian Financial Market in 2019

Author

Listed:
  • Abramov Alexander

    (RANEPA)

  • Chernova Maria

    (RANEPA)

Abstract

The year 2019 was one of the luckiest periods in the history of Russia’s stock market. On a 10-year time horizon (2010–2019), the geometric mean return on investment in Russian ruble-denominated stocks amounted to 8.3% per annum, which was below the corresponding indices of only a few markets like the USA, the Scandinavian economies, Japan, India, the Philippines, and Argentina. The average annual return on investment in Russian stocks denominated in US dollars stood at 0.7%, which was significantly below the ruble-denominated return on investment in those same stocks due to the ruble weakening in the post-crisis period.

Suggested Citation

  • Abramov Alexander & Chernova Maria, 2020. "The Russian Financial Market in 2019," Published Papers ppaper-2020-1040, Gaidar Institute for Economic Policy, revised 2020.
    • Handle: RePEc:gai:ppaper:ppaper-2020-1040
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    File URL: https://www.iep.ru/files/RePEc/gai/ppaper/ppaper-2020-1040.pdf
    File Function: Revised Version, 2020
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    More about this item

    Keywords

    Russian economy; stock market; bond market; bond market; derivatives market; private investors;
    All these keywords.

    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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