THE IMPACT OF MACROECONOMIC FACTORS ON THE DEVELOPMENT OF THE RUSSIAN STOCK MARKET

2017 ◽  
Author(s):  
Ekaterina Darda
Keyword(s):  
Stock Market ◽  
Macroeconomic Factors ◽  
Russian Stock Market ◽  
The Impact

Macroeconomic factors affecting the movement of Russian stock market indices

2019 ◽  
Vol 18 (12) ◽  
pp. 2255-2271
Author(s):  
M.Yu. Malkina ◽  
◽  
V.N. Ovchinnikov ◽  
Keyword(s):  
Stock Market ◽  
Macroeconomic Factors ◽  
Factors Affecting ◽  
Russian Stock Market

scholarly journals Are Kuwaiti Stock Returns Affected by Fluctuations in Oil Prices?

2020 ◽  
Vol 11 (6) ◽  
pp. 1
Author(s):  
Salem Alshihab ◽  
Nayef AlShammari
Keyword(s):  
Stock Market ◽  
Stock Returns ◽  
Oil Prices ◽  
Market Returns ◽  
Macroeconomic Factors ◽  
Stock Market Returns ◽  
Long Run ◽  
Short Run ◽  
The Impact ◽  
Adf Test

This paper examines the impact of fluctuations in the price of oil on Kuwaiti stock market returns for the month-to-month period of 2000 to 2020. The Augmented Dickey-Fuller (ADF) test for stationarity, the error correction model (ECM), and various cointegration test techniques were used to examine the estimated model. In an oil-based economy like Kuwait, the exposure to oil prices seems to affect the performance of the country’s stock market. Our main findings related to the long run showed that the price of oil is cointegrated with stock market returns. Interestingly, our ECM examination confirmed that changes in Kuwaiti stock market returns are only affected by oil price fluctuations in the short run. Further strategies are needed to better stabilize Kuwait’s capital market. This equilibrium can be achieved by pursuing more stability in other macroeconomic factors and providing a solid legal independence for the country’s financial market.

scholarly journals The Impact of the COVID-19 Pandemic on the U.S. Economy: Evidence from the Stock Market

2020 ◽  
Vol 13 (10) ◽  
pp. 233
Author(s):  
Willem Thorbecke
Keyword(s):  
Real Estate ◽  
Stock Market ◽  
Stock Returns ◽  
Electrical Equipment ◽  
Production Equipment ◽  
Macroeconomic Factors ◽  
Specific Factors ◽  
The Impact ◽  
Macroeconomic Environment ◽  
The U.S

The coronavirus crisis has damaged the U.S. economy. This paper uses the stock returns of 125 sectors to investigate its impact. It decomposes returns into components driven by sector-specific factors and by macroeconomic factors. Idiosyncratic factors harmed industries such as airlines, aerospace, real estate, tourism, oil, brewers, retail apparel, and funerals. There are thus large swaths of the economy whose recovery depends not on the macroeconomic environment but on controlling the pandemic. Macroeconomic factors generated losses in industries such as production equipment, machinery, and electronic and electrical equipment. Thus, reviving capital goods spending requires not just an end to the pandemic but also a macroeconomic recovery.

Russian stock market: The structure of economic factors in times of advance and recession

2020 ◽  
Vol 26 (6) ◽  
pp. 1373-1391
Author(s):  
I.A. Kolesnik
Keyword(s):  
Stock Market ◽  
Structural Changes ◽  
National Level ◽  
Time Frame ◽  
Practical Significance ◽  
Economic Factors ◽  
Moderate Degree ◽  
Macroeconomic Shocks ◽  
Russian Stock Market ◽  
The Impact

Subject. This article explores the structure of economic factors at the national level, the Russian stock market's development depends on, and its changes in different economic periods. Objectives. The article aims to identify structural changes in the system of internal factors that determine the conditions of the Russian stock market's development under the influence of macroeconomic shocks of 2008 and 2014. Methods. For the study, I used a correlation analysis, and the event study and descriptive approaches. The study time-frame from 2002 to 2019 is divided into four periods. Results. The article determines that the structure of internal economic factors influencing the Russian stock market gets transformed under the impact of macroeconomic shocks. Conclusions and Relevance. At present, the relationship between the Russian stock market and domestic economic factors is not strictly determined. The modern stock market performs its functions in the development of the real sector of the economy to a moderate degree. The practical significance of the study lies in the possibility of using its results to develop measures to regulate the stock market depending on economic conditions and instruments of impact, as the structure of economic factors in the development of the stock market changes during periods of growth and crisis.

(Macroeconomic Factors of the Russian Stock Market Dynamics)

2013 ◽  
Author(s):  
Vadim Zyamalov ◽  
Marina Turuntseva ◽  
Y. Ulyanenko
Keyword(s):  
Stock Market ◽  
Market Dynamics ◽  
Macroeconomic Factors ◽  
Russian Stock Market

The impact of oil shocks on the Russian stock market: an empirical study

2020 ◽  
pp. 121-133
Author(s):  
I.Ya. Lukasevich
Keyword(s):  
Stock Market ◽  
Stock Index ◽  
Var Model ◽  
Oil Shocks ◽  
Sharp Drop ◽  
Macroeconomic Shocks ◽  
Oil Shock ◽  
Theoretical Generalization ◽  
Russian Stock Market ◽  
The Impact

The paper is devoted to the study of approaches to assessing the impact of external macroeconomic shocks on the Russian stock market. A sharp drop in oil prices (oil shock) is considered as a macroeconomic shock. The analysis of possible approaches to solving this problem is carried out, and their theoretical generalization is given. Based on an extensive sample of daily values of prices for Brent oil and the Russian stock index RTS for the period from 1998 to the first half of 2020, a study was conducted on the dependence of the domestic stock market on the global oil market. An approach to assessing the impact of oil shocks based on the use of vector autoregression models (VAR-model) is proposed. The VAR model has been developed and tested for the Russian stock market, its capabilities and limitations have been shown, and practical recommendations for its further development have been provided.

COVID-19, Stock Market, Exchange Rate, Oil Prices, Unemployment, Inflation, Geopolitical Risk Nexus, the Case of the BRICS Nations

2021 ◽  
pp. 85-105
Author(s):  
Sudeshna Ghosh
Keyword(s):  
Stock Market ◽  
Capital Asset Pricing ◽  
Market Exchange ◽  
Macroeconomic Factors ◽  
Multifactor Model ◽  
Quantile Regression Model ◽  
Asset Pricing Theory ◽  
Market Exchange Rate ◽  
Pricing Theory ◽  
The Impact

This chapter attempts to study the impact of the COVID-19 pandemic on the stock markets of the BRICS nations. Such an exercise will have an important bearing on portfolio allocation in the context of the BRICS. The major contribution of the chapter in the extant literature is to examine based on the multifactor model of the capital asset pricing theory, how uncertainty owing to the pandemic interplay with the geopolitical index to impact the stock market of the BRICS. Further, the major macroeconomic factors are used as control variables. The daily observations were used from 31 December 2019 to 30 December 2020. The results based on the quantile regression model demonstrate the asymmetric response of the stock market to the pandemic. The policy implication that follows from this study is the need for strategic intervention of the central bank to ease the liquidity challenges in the crisis period.

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