Integration of Russia into theWorld Economy and Globalization of StockMarkets

Integration of Russia into theWorld Economy and Globalization of StockMarkets

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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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Bibliographic Details
Main Authors: A. K. Ivanov-Schitz, S. K. Aityan
Format: Article
Language:English
Published: MGIMO University Press 2009-12-01
Series:Vestnik MGIMO-Universiteta
Subjects:
global economy
stock market
correlation
Online Access:https://www.vestnik.mgimo.ru/jour/article/view/2789
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spelling doaj-cc251ee22f2d41cf82dcb1baf0ced3f12021-09-21T11:00:10ZengMGIMO University PressVestnik MGIMO-Universiteta2071-81602541-90992009-12-0106(9)15416210.24833/2071-8160-2009-6-9-154-1622315Integration of Russia into theWorld Economy and Globalization of StockMarketsA. 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
collection DOAJ
language English
format Article
sources DOAJ
author A. K. Ivanov-Schitz
S. K. Aityan
spellingShingle A. K. Ivanov-Schitz
S. K. Aityan
Integration of Russia into theWorld Economy and Globalization of StockMarkets
Vestnik MGIMO-Universiteta
global economy
stock market
correlation
author_facet A. K. Ivanov-Schitz
S. K. Aityan
author_sort A. K. Ivanov-Schitz
title Integration of Russia into theWorld Economy and Globalization of StockMarkets
title_short Integration of Russia into theWorld Economy and Globalization of StockMarkets
title_full Integration of Russia into theWorld Economy and Globalization of StockMarkets
title_fullStr Integration of Russia into theWorld Economy and Globalization of StockMarkets
title_full_unstemmed Integration of Russia into theWorld Economy and Globalization of StockMarkets
title_sort integration of russia into theworld economy and globalization of stockmarkets
publisher MGIMO University Press
series Vestnik MGIMO-Universiteta
issn 2071-8160
2541-9099
publishDate 2009-12-01
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.
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
_version_ 1717373488814096384

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