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Financial Markets and Financial Institutions in Russia in 2015

Alexander Abramov

Published Papers from 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. 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.

Keywords: Russian economy; financial markets; financial institutions (search for similar items in EconPapers)
JEL-codes: G01 G12 G18 G21 G24 G28 G32 G33 (search for similar items in EconPapers)
Pages: 76 pages
Date: 2016, Revised 2016
New Economics Papers: this item is included in nep-cfn, nep-cis, nep-cse, nep-fmk, nep-pay and nep-tra
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Published in RUSSIAN ECONOMY IN 2015 TRENDS AND OUTLOOKS (ISSUE 37)

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https://www.iep.ru/files/RePEc/gai/ppaper/ppaper-2016-265.pdf Revised version, 2016 (application/pdf)

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