The Russian Capital Market: The First 20 Years

26 Pages Posted: 11 Jul 2011

See all articles by Andrei Kuznetsov

Andrei Kuznetsov

University of Central Lancashire - Lancashire School of Business and Enterprise

Olga Kuznetsova

Manchester Metropolitan University Buisness School

Yakov Mirkin

Financial University under the Government of the Russian Federation

Date Written: March 1, 2011

Abstract

From a modest start almost 20 years ago the Russian financial market has emerged as a major force in Eastern Europe and Central Asia. This paper offers a retrospective account of the two decades of the development of the financial sector in Russia with an emphasis on the securities market, outlines the main stages in its development and proposes an assessment of the capital market in comparison to other international markets. We conclude with an overview of its performance during the current financial crisis.

Suggested Citation

Kuznetsov, Andrei and Kuznetsova, Olga and Mirkin, Yakov, The Russian Capital Market: The First 20 Years (March 1, 2011). Available at SSRN: https://ssrn.com/abstract=1883582 or http://dx.doi.org/10.2139/ssrn.1883582

Andrei Kuznetsov (Contact Author)

University of Central Lancashire - Lancashire School of Business and Enterprise ( email )

Preston, PR1 2HE
United Kingdom

Olga Kuznetsova

Manchester Metropolitan University Buisness School ( email )

Oxford Road
Manchester, M15 6BH
United Kingdom
+ 44 161 2476612 (Phone)

HOME PAGE: http://www2.business.mmu.ac.uk/staff/staffdetails.php?uref=375

Yakov Mirkin

Financial University under the Government of the Russian Federation ( email )

49, Leningradsky Prospect
Moscow, 125993
Russia
(495) 943-98-61 (Phone)
(495) 943-93-10 (Fax)

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