Template-Type: ReDIF-Paper 1.0
Author-Name: Abramov Alexander
Author-Name-First: Alexander
Author-Name-Last: Abramov
Author-Workplace-Name: RANEPA
Author-Name: Chernova Maria
Author-Name-First: Maria
Author-Name-Last: Chernova
Author-Workplace-Name: RANEPA
Title: The Russian Financial Market in 2019
Abstract: The year 2019 was one of the luckiest periods in the history of Russia’s stock market. On a 10-year time horizon (2010–2019), the geometric mean return on investment in Russian ruble-denominated stocks amounted to 8.3% per annum, which was below the corresponding indices of only a few markets like the USA, the Scandinavian economies, Japan, India, the Philippines, and Argentina. The average annual return on investment in Russian stocks denominated in US dollars stood at 0.7%, which was significantly below the ruble-denominated return on investment in those same stocks due to the ruble weakening in the post-crisis period.
Classification-JEL: G01, G12, G18, G21, G24, G28, G32, G33
Keywords: Russian economy, stock market, bond market, bond market, derivatives market, private investors
Creation-Date: 2020
Revision-Date: 2020
Length: 81 pages
File-URL: https://www.iep.ru/files/RePEc/gai/ppaper/ppaper-2020-1040.pdf
File-Format: application/pdf
File-Function: Revised Version, 2020
Handle: RePEc:gai:ppaper:ppaper-2020-1040