Empirical Analysis of Russian MICEX Stock Exchange
Empirical Analysis of Russian MICEX Stock Exchange
Author(s): Ramona Felicia BirăuSubject(s): National Economy, Economic history, Economic development, Financial Markets
Published by: Editura Universitaria Craiova
Keywords: emerging stock markets; distribution; unit roots; financial crisis; empirical analysis;
Summary/Abstract: This article aims to highlight the implications of the global financial crisis on Russian MICEX Stock Exchange behavior. Generally, emerging stock markets were perceived as a very attractive field for investment and despite being extremely volatile and risky, were expected to generate high financial returns. Nevertheless, in the turbulent context of a globalized financial environment, emerging stock markets constitute an intriguing issue of debate for both academics and practitioners. The empirical analysis is based on daily closing prices of MICEX 10 index over the sample period of January 1999 to December 2012.
Journal: Revista tinerilor economişti
- Issue Year: 2013
- Issue No: 20
- Page Range: 259-264
- Page Count: 6
- Language: English