Securities Market Impact on Economic Growth

Aleksander Nikolayevich Zelenuk, Viktor Nikolayevich Kirillov and Galina Aleksandrovna Orlova
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Aleksander Nikolayevich Zelenuk: Moscow State Institute of International Relations (University) MFA Russia, Moscow, Russia
Viktor Nikolayevich Kirillov: State University of Management, Moscow, Russia
Galina Aleksandrovna Orlova: Russian Foreign Trade Academy, Moscow, Russia

Russian Foreign Economic Journal, 2021, issue 8, 76-85

Abstract: In the article, the authors consider the impact of the securities market changes on economic growth in the modern market economy. They underline the expanded issue and sale of securities in developed economies; show the structure of the market, emphasizing the rapid increase in the derivatives issuance. The authors reveal the ways the securities market influences the changes in economic indicators and emphasize the extremely high volatility of derivatives, noting that quite often they are bought as a result of exuberance, often without careful estimation of the risks. Special attention is paid to “bubbles” in the economy that arise due to ebullient demand for unsecured securities.

Keywords: Securities market; issue of shares and bonds; derivative financial securities; appearance of “bubbles”; economy; economic crisis. (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:alq:rufejo:rfej_2021_08_76-85

DOI: 10.24411/2072-8042-2021-8-76-85

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