Mirkin Yakov , Kuznetsov Al., Kuznetsova O.
The rocky road to modernity: 20 years of the Russian capital market / O. Kuznetsova, A. Kuznetsov, Y.M. Mirkin // Thunderbird International Business Review. – 2011. – V. 53. - Issue 5. - Ð. 661–673.
The rocky road to modernity: 20 years of the Russian capital market / O. Kuznetsova, A. Kuznetsov, Y.M. Mirkin // Thunderbird International Business Review. – 2011. – V. 53. - Issue 5. - Ð. 661–673.
Publication Type:
From a modest start almost 20 years ago, the Russian financial market has emerged as a major force in Eastern Europe and Central Asia. This article offers a retrospective account of the two decades of development of the financial sector in Russia, with an emphasis on the securities market; outlines the main stages in its development; and proposes an assessment of the capital market in comparison to other international markets. We conclude with an overview of the market's performance during the current financial crisis.
Keywords: Russian capital market |
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