Template-Type: ReDIF-Paper 1.0
Author-Name:Abramov Alexander
Author-Name-First: Alexander 
Author-Name-Last:Abramov 
Author-Workplace-Name: RANEPA 
Title: Financial Markets and Financial Institutions in Russia in 2015
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.
Classification-JEL: G01, G12, G18, G21, G24, G28, G32, G33
Keywords:  Russian economy, financial markets, financial institutions
Creation-Date: 2016
Revision-Date:2016
Publication-Status: Published in RUSSIAN ECONOMY IN 2015  TRENDS AND OUTLOOKS  (ISSUE 37)
Length: 76 pages
File-URL: https://www.iep.ru/files/RePEc/gai/ppaper/ppaper-2016-265.pdf
File-Format: application/pdf
File-Function: Revised version, 2016
Handle: RePEc:gai:ppaper:ppaper-2016-265