Financial Markets and Financial Institutions in Russia in 2016

Russian Ecponomy in 2016. Trends and Outlooks. 2017. Moscow. IEP, issue 38, pp. 77-130

56 Pages Posted: 17 Jul 2017

Date Written: July 7, 2017

Abstract

In 2016, Russia's stock market, in terms of its rates of return, set a world record among all the other stock markets. Over that year, the RTS Index gained 52.3%, and the MICEX Index –26.8% (Fig. 1). The faster growth rate of the RTS Index, which reflects the price of shares in US dollar terms, can be explained by the ruble's strengthening in 2016. The other forces behind the growth of the Russian stock indexes were the rising oil prices, the inflow of non-residents' money in response to the strengthening ruble and the stably high key interest rate, and investor expectations of recovery economic growth.

Keywords: Russian economy, stock market, share market, bond market, derivatives market

JEL Classification: G01, G12, G18, G21, G24, G28, G32, G33

Suggested Citation

Abramov, Alexander E., Financial Markets and Financial Institutions in Russia in 2016 (July 7, 2017). Russian Ecponomy in 2016. Trends and Outlooks. 2017. Moscow. IEP, issue 38, pp. 77-130. Available at SSRN: https://ssrn.com/abstract=2998513 or http://dx.doi.org/10.2139/ssrn.2998513

Alexander E. Abramov (Contact Author)

Gaidar Institute for Economic Policy ( email )

3-5 Gazetny Lane
Moscow, 125009
Russia

Register to save articles to
your library

Register

Paper statistics

Downloads
49
Abstract Views
326
PlumX Metrics