Template-Type: ReDIF-Chapter 1.0
Author-Name:  M. Khromov
Author-Name:  A. Shadrin
Author-Name:  A. Abramov
Author-Workplace-Name: Gaidar Institute for Economic Policy
In-Book: RePEc:gai:gbooks:RE36-2014-en
Title: Section 3. Money Markets and Financial Institutions
Abstract: In 2014, Russia was hit by a new round of financial crisis manifesting itself in the national currency devaluation, capital flight and sagging stock market. The RTS (Russian Trading System) Index has been moving along a W-shaped pathway since 2008, which is most typical of countries whose financial crises are associated with deep disproportions in economy, for example, in South Korea since 1989 or in the U.S. innovation marketplace since 1999. As of 31 January 2015, the RTS Index was 30.0% below the pre-crisis peak level of May 2008 and, kept searching for new lows. In January 2009, the Index dropped to 21.8% below the 2008 peak level.
Classification-JEL: G20, G18, O16, N20, N50
Keywords:Monetary and Fiscal Policies
Pages: 81-172
Chapter: 3
Edition: 1
Year: 2015
File-URL: https://www.iep.ru/files/RePEc/gai/gbchap/RE36-03-en.pdf
File-Format: Application/pdf
Handle: RePEc:gai:gbchap:RE36-03-en