Integration of Russia into the World Economy and Globalization of Stock Markets
Correlations between Russian and some world leading stock market indices were analyzed to assess a degree of global integration of Russian economy. For this purpose, a new method of time-shift asymmetric correlation analysis was used. The method helps identify which stock market sets the pace and wh...
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| Format: | Article |
| Language: | English |
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MGIMO University Press
2009-12-01
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| Series: | Vestnik MGIMO-Universiteta |
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| Online Access: | https://www.vestnik.mgimo.ru/jour/article/view/2789 |
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| _version_ | 1832579788087230464 |
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| author | A. K. Ivanov-Schitz S. K. Aityan |
| author_facet | A. K. Ivanov-Schitz S. K. Aityan |
| author_sort | A. K. Ivanov-Schitz |
| collection | DOAJ |
| description | Correlations between Russian and some world leading stock market indices were analyzed to assess a degree of global integration of Russian economy. For this purpose, a new method of time-shift asymmetric correlation analysis was used. The method helps identify which stock market sets the pace and which one follows the lead. The analysis showed a growing trend in global integration of Russian economy. Particularly, it was shown that Russian stock market is getting more correlated with the European stock market while the leading (pace making) role of the U.S. markets keeps growing in the recession of 2008. |
| format | Article |
| id | doaj-art-cc251ee22f2d41cf82dcb1baf0ced3f1 |
| institution | Kabale University |
| issn | 2071-8160 2541-9099 |
| language | English |
| publishDate | 2009-12-01 |
| publisher | MGIMO University Press |
| record_format | Article |
| series | Vestnik MGIMO-Universiteta |
| spelling | doaj-art-cc251ee22f2d41cf82dcb1baf0ced3f12025-01-30T12:15:55ZengMGIMO University PressVestnik MGIMO-Universiteta2071-81602541-90992009-12-0106(9)15416210.24833/2071-8160-2009-6-9-154-1622315Integration of Russia into the World Economy and Globalization of Stock MarketsA. K. Ivanov-Schitz0S. K. Aityan1Московский государственный институт международных отношений (университет) МИД России. Россия, 119454, Москва, пр. Вернадского, 76.Lincoln University Oakland, California, USACorrelations between Russian and some world leading stock market indices were analyzed to assess a degree of global integration of Russian economy. For this purpose, a new method of time-shift asymmetric correlation analysis was used. The method helps identify which stock market sets the pace and which one follows the lead. The analysis showed a growing trend in global integration of Russian economy. Particularly, it was shown that Russian stock market is getting more correlated with the European stock market while the leading (pace making) role of the U.S. markets keeps growing in the recession of 2008.https://www.vestnik.mgimo.ru/jour/article/view/2789global economystock marketcorrelation |
| spellingShingle | A. K. Ivanov-Schitz S. K. Aityan Integration of Russia into the World Economy and Globalization of Stock Markets Vestnik MGIMO-Universiteta global economy stock market correlation |
| title | Integration of Russia into the World Economy and Globalization of Stock Markets |
| title_full | Integration of Russia into the World Economy and Globalization of Stock Markets |
| title_fullStr | Integration of Russia into the World Economy and Globalization of Stock Markets |
| title_full_unstemmed | Integration of Russia into the World Economy and Globalization of Stock Markets |
| title_short | Integration of Russia into the World Economy and Globalization of Stock Markets |
| title_sort | integration of russia into the world economy and globalization of stock markets |
| topic | global economy stock market correlation |
| url | https://www.vestnik.mgimo.ru/jour/article/view/2789 |
| work_keys_str_mv | AT akivanovschitz integrationofrussiaintotheworldeconomyandglobalizationofstockmarkets AT skaityan integrationofrussiaintotheworldeconomyandglobalizationofstockmarkets |