Korhonen, Iikka; Peresetsky, Anatoly - Siirtymätalouksien tutkimuslaitos, Suomen Pankki - 2013
We empirically test the dependence of the Russian stock market on the world stock market and world oil prices in the … well as two markets outside Europe (Turkey and South Africa). We apply a rolling regression to identify periods when oil … prices or stock indices in the US and Japan were important. Surprisingly, oil prices are not significant for the Russian …