Financial Market in August 2013

Andrievskiy, Nikita; Khudko, Elizaveta

doi:10.2139/ssrn.2337471

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Financial Market in August 2013

Russian Economic Developments. Moscow, 2013, #9, pp. 8-11

4 Pages Posted: 9 Oct 2013

See all articles by Nikita Andrievskiy

Nikita Andrievskiy

Russian Academy of National Economy and Public Administration under the President of the Russian Federation (RANEPA); Gaidar Institute for Economic Policy

Elizaveta Khudko

Gaidar Institute for Economic Policy; Russian Academy of National Economy and Public Administration under the President of the Russian Federation (RANEPA) - Moscow Campus

Date Written: October 8, 2013

Abstract

In August 2013, the MICEX index saw a monthly fall of 2.4% after Sberbank and VTB encountered some downtrend in the stock market. Furthermore, stock market capitalization contracted by 2.2% to Rb 23.41 trillion, or 37.4% of GDP. The domestic corporate bond market was governed by fairly optimistic sentiments, irrespective of adverse trend concerning macroeconomic indicators and forecasts for Russia. The key market indicators were driven by an uptrend, contrary to expectations of a seasonal downtrend.

Keywords: Russian economiy, financial markets

JEL Classification: G1, G3, G15

Suggested Citation: Suggested Citation

Andrievskiy, Nikita and Andrievskiy, Nikita and Khudko, Elizaveta, Financial Market in August 2013 (October 8, 2013). Russian Economic Developments. Moscow, 2013, #9, pp. 8-11, Available at SSRN: https://ssrn.com/abstract=2337471 or http://dx.doi.org/10.2139/ssrn.2337471

Nikita Andrievskiy (Contact Author)

Russian Academy of National Economy and Public Administration under the President of the Russian Federation (RANEPA) ( email )

Sredny av. V.O., 57/43
St. Petersburg

Gaidar Institute for Economic Policy ( email )

3-5 Gazetny Lane
Moscow, 125009
Russia

Elizaveta Khudko

Gaidar Institute for Economic Policy ( email )

3-5 Gazetny Lane
Moscow, 125009
Russia

Russian Academy of National Economy and Public Administration under the President of the Russian Federation (RANEPA) - Moscow Campus ( email )

Moscow, 119571
Russia

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Financial Market in August 2013

Nikita Andrievskiy

Elizaveta Khudko

Abstract

Nikita Andrievskiy (Contact Author)

Russian Academy of National Economy and Public Administration under the President of the Russian Federation (RANEPA) ( email )

Gaidar Institute for Economic Policy ( email )

Elizaveta Khudko

Gaidar Institute for Economic Policy ( email )

Russian Academy of National Economy and Public Administration under the President of the Russian Federation (RANEPA) - Moscow Campus ( email )

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