Global and Russian financial markets in 2023

Alexander Abramov, Alexander Radygin and Maria Chernova
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Alexander Abramov: RANEPA
Alexander Radygin: Gaidar Institute for Economic Policy

Published Papers from Gaidar Institute for Economic Policy

Abstract: In contrast to 2022, a rare phenomenon of negative returns on almost most categories of financial assets happened due to a sharp increase in interest rates by central banks of developed countries, the year 2023 was a relatively favorable year of recovery growth in returns on these assets. The economies of the United States and the European Union avoided recession, and the decline in inflation offered financial markets hope for lower interest rates in 2024. To assess the investment attractiveness of different financial instruments in 2023, it is essential to analyze data on returns and risks of 147 investment strategies popular in the world, represented by stock indices and large investment funds over different time horizons in 2014–2023.

Keywords: Russian economy; stock market; bond market; corporate bond market; derivatives market; private investors (search for similar items in EconPapers)
JEL-codes: G01 G12 G18 G21 G24 G28 G32 G33 (search for similar items in EconPapers)
Pages: 112 pages
Date: 2024, Revised 2024
New Economics Papers: this item is included in nep-cis and nep-ifn
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https://www.iep.ru/files/RePEc/gai/ppaper/ppaper-2024-1324.pdf Revised Version, 2024 (application/pdf)

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