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Finance and Credit
 

Analyzing the potential of the Russian stock market

Vol. 30, Iss. 6, JUNE 2024

Received: 16 November 2023

Received in revised form: 4 December 2023

Accepted: 18 December 2023

Available online: 28 June 2024

Subject Heading: Securities market

JEL Classification: Е44, G10, G19

Pages: 1381-1402

https://doi.org/10.24891/fc.30.6.1381

Valerii V. SMIRNOV I.N. Ulianov Chuvash State University (ChuvSU), Cheboksary, Chuvash Republic, Russian Federation
v2v3s4@mail.ru

https://orcid.org/0000-0002-6198-3157

Subject. The article investigates the Russian stock market.
Objectives. The purpose is to determine the potential of the Russian stock market.
Methods. The study employs methods of statistical analysis.
Results. The study revealed that the potential of the Russian stock market is determined by a number of factors, like significant excess of the volume of shares of non-financial organizations over the total shares of credit institutions, other financial organizations and insurers; maintaining the dynamics of debt obligations of government bodies at the level of the totality of debt obligations of non-financial organizations, credit institutions, other financial organizations and insurers; continuous presence of non-residents in the debt market, in contrast to the short-term presence of the Central Bank of the Russian Federation; the tendency for the growth of ruble-denominated debt of non-financial sector on bank loans and issued debt securities to exceed the extended index; a commensurate increase in the ruble-denominated debt of households and non-profit institutions serving households on bank loans and issued debt securities and the expanded indicator; a vigorous reduction in the excess of the broad money supply over M2, and others.
Conclusions. The identified potential of the Russian stock market indicates to the expert community the parameters of the financial market.

Keywords: stock, bank loan, money supply, debt obligations, stock market

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