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Finance and Credit
 

Potential of the securities market in Russia

Vol. 30, Iss. 10, OCTOBER 2024

Received: 21 March 2024

Received in revised form: 4 April 2024

Accepted: 18 April 2024

Available online: 30 October 2024

Subject Heading: Securities market

JEL Classification: G10, G11, G12, G19

Pages: 2354-2370

https://doi.org/10.24891/fc.30.10.2354

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 deals with the potential of the securities market in Russia.
Objectives. The aim is to determine the potential of Russia’s securities market.
Methods. The study draws on the use of general scientific methods, primarily on the analysis and synthesis of data, and special economic and mathematical methods, like correlation and regression analysis. A graphical method is used to present the obtained scientific results.
Results. The study revealed a volatile growth in the volume of clients' securities in the brokerage accounts of professional participants in the securities market, and in net assets value of mutual investment funds with highly volatile growth rates. It established a volatile change in the volume of intraday loans provided by the Bank of Russia and a volatile growth in the weighted average interest rates on ruble-denominated loans provided by credit institutions to individuals for up to one year, including demand loans with their highly volatile growth rates. The paper demonstrated that the said volatile growth, in the context of high correlation and proximity of the dynamics of household cash and the monetary base (broad definition), is an indicator of the potential of Russia’s securities market.
Conclusions. The findings may be useful for assessing the risks of the securities market, and be applied by a wide range of the expert community.

Keywords: stock, deposit, loan, shares, securities market

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