Integration of Russia into theWorld Economy and Globalization of StockMarkets

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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Main Authors:	A. K. Ivanov-Schitz, S. K. Aityan
Format:	article
Language:	EN RU
Published:	MGIMO University Press 2009
Subjects:	global economy stock market correlation International relations JZ2-6530
Online Access:	https://doaj.org/article/cc251ee22f2d41cf82dcb1baf0ced3f1
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id	oai:doaj.org-article:cc251ee22f2d41cf82dcb1baf0ced3f1
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spelling	oai:doaj.org-article:cc251ee22f2d41cf82dcb1baf0ced3f12021-11-23T14:50:44ZIntegration of Russia into theWorld Economy and Globalization of StockMarkets2071-81602541-909910.24833/2071-8160-2009-6-9-154-162https://doaj.org/article/cc251ee22f2d41cf82dcb1baf0ced3f12009-12-01T00:00:00Zhttps://www.vestnik.mgimo.ru/jour/article/view/2789https://doaj.org/toc/2071-8160https://doaj.org/toc/2541-9099Correlations 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.A. K. Ivanov-SchitzS. K. AityanMGIMO University Pressarticleglobal economystock marketcorrelationInternational relationsJZ2-6530ENRUVestnik MGIMO-Universiteta, Vol 0, Iss 6(9), Pp 154-162 (2009)
institution	DOAJ
collection	DOAJ
language	EN RU
topic	global economy stock market correlation International relations JZ2-6530
spellingShingle	global economy stock market correlation International relations JZ2-6530 A. K. Ivanov-Schitz S. K. Aityan Integration of Russia into theWorld Economy and Globalization of StockMarkets
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
author	A. K. Ivanov-Schitz S. K. Aityan
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
publishDate	2009
url	https://doaj.org/article/cc251ee22f2d41cf82dcb1baf0ced3f1
work_keys_str_mv	AT akivanovschitz integrationofrussiaintotheworldeconomyandglobalizationofstockmarkets AT skaityan integrationofrussiaintotheworldeconomyandglobalizationofstockmarkets
_version_	1718416609100431360

Integration of Russia into theWorld Economy and Globalization of StockMarkets

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