Template-Type: ReDIF-Paper 1.0
Author-Name: Alexander Abramov
Author-Name-First: Alexander
Author-Name-Last: Abramov
Author-Workplace-Name: RANEPA
Author-Name: Alexander Radygin
Author-Name-First: Alexander
Author-Name-Last: Radygin
Author-Workplace-Name: Gaidar Institute for Economic Policy
Author-Name: Maria Chernova
Author-Name-First: Maria
Author-Name-Last: Chernova
Author-Workplace-Name: RANEPA
Title: Global and Russian financial markets in 2023
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.
Classification-JEL: G01, G12, G18, G21, G24, G28, G32, G33
Keywords: Russian economy, stock market, bond market, corporate bond market, derivatives market, private investors
Creation-Date: 2024
Revision-Date: 2024
Length: 112 pages
File-URL: https://www.iep.ru/files/RePEc/gai/ppaper/ppaper-2024-1324.pdf
File-Format: application/pdf
File-Function: Revised Version, 2024
Handle: RePEc:gai:ppaper:ppaper-2024-1324