Evaluation of the effectiveness of the Bank of Russia’s measures to ensure the stability of the stock market in the face of toughening sanctions
https://doi.org/10.26425/1816-4277-2022-12-136-144
Abstract
The study identifies the key features of the development of the Russian stock market in 2021 prior to the imposition of unprecedented sanctions against the Russian Federation by Western countries. The authors point out that the blow of sanctions caused chaos in the Russian stock market, which required the Bank of Russia to immediately take measures aimed at stabilizing the situation. Using the suitable mathematical apparatus, with the help of modern tools the authors evaluate the effectiveness of those measures. Based on the analysis of the interrelations between the quotations of TTF gas, PJSC Sberbank shares, PJSC Tatneft shares, MOEX index, Brent crude oil price, and the dollar exchange rate during three time periods, a conclusion is made that the measures implemented by the regulator in order to stabilize the situation in the Russian stock market were timely and effective.
About the Authors
A. V. Berdyshev
Financial University under the Government of the Russian Federation
Russian Federation
Aleksandr V. Berdyshev - Cand. Sci. (Econ.), Assoc. Prof. at the Banking and Monetary Regulation Department
Russian Federation
Aleksandr V. Berdyshev - Cand. Sci. (Econ.), Assoc. Prof. at the Banking and Monetary Regulation Department
Moscow
F. N. Ilmukov
Financial University under the Government of the Russian Federation
Russian Federation
Filipp N. Ilmukov - Student
Russian Federation
Filipp N. Ilmukov - Student
Moscow
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Review
For citations:
Berdyshev A.V., Ilmukov F.N. Evaluation of the effectiveness of the Bank of Russia’s measures to ensure the stability of the stock market in the face of toughening sanctions. Vestnik Universiteta. 2022;1(12):136-144. (In Russ.) https://doi.org/10.26425/1816-4277-2022-12-136-144
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