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The global financial crisis, which began with problems in the U.S. mortgage market, in the short term hit other areas of the world financial system, acquired a global character and led to economic crisis. Most clearly one can see the impact of global crisis on stock market, resulting in declines in various stock indexes, and large reductions in the market value of equities and commodities. There is a variety of market indices which function as statistical indicators of the market's activities. For Russian market the Russian Trading System Index (RTSI), which was launched on 1st September 1995 and is calculated in dollars, is the most appropriate index for comparison with global indexes. For global markets we use the MSCI World Index1, which is a free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of developed markets, and the MSCI Emerging Markets Index, designed to measure equity market performance of emerging markets. (fragment tekstu)
The global financial crisis, which began with problems in the U.S. mortgage market, in the short term hit other areas of the world financial system, acquired a global character and led to economic crisis. Most clearly one can see the impact of global crisis on stock market, resulting in declines in various stock indexes, and large reductions in the market value of equities and commodities. There is a variety of market indices which function as statistical indicators of the market's activities. For Russian market the Russian Trading System Index (RTSI), which was launched on 1st September 1995 and is calculated in dollars, is the most appropriate index for comparison with global indexes. For global markets we use the MSCI World Index1, which is a free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of developed markets, and the MSCI Emerging Markets Index, designed to measure equity market performance of emerging markets. (fragment of text)
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39-49
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Bibliografia
- Goriaev A. A.: Risks of Investing in the Russian Stock Market: Lessons of the First Decade [Text]/A. Goriaev, A. Zabotkin// "Emerging Markets Review" 2006, Vol. 7, Issue 4, p. 380-397
- Lanskov P.: Non-ideal features of Russian Stock Market/P. Lanskov, O. Gusov, D. Lanskov//"Securities Market" 2007, No. 17 (344), p. 29-32
- Beck T.: A New Database on Financial Development and Structure / Thorsten Beck, Asli Demirgüüüç-Kunt and Ross Levine // "World Bank Economic Review" 2000, Revised: January 2009, No. 14, p. 597-605
- Analytical Review "Russian Capital Market. Events and Facts. 2008" [Electronic resource] // NAUFOR
- Goriaev A.: Prosecutors and Financial Markets: A Case Study If the YUKOS Affair [manuscript] / Goriaev A., Sonin K. // "New Economic School" 2005
- Anatoliev S.: A Ten-year Retrospection of the Behavior of Russian Stock Returns [Electronic resource] // BOFIT Discussion Papers, 9, 2005, http://www.bof.fi/NR/rdonlyres/0493D50C-4BE9-45F7-A8E0-496A96A65794/0/dp0905.pdf
- Hayo B.: The Impact of News, Oil Prices, and Global Market Developments on Russian Financial Markets [Text] / Hayo B., Kutan A.M. // "Economics of Transition" 2005, No. 13, p. 373-393
- Roll R.: An Empirical Investigation of the Arbitrage Pricing Theory / Richard Roll Stephan Ross // "Journal of Finance" 35 1980, No. 5
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Bibliografia
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