We study alternative arbitrage strategies for stocks of Russian companies and the corresponding depository receipts issued in European exchanges. We describe schemes of arbitrage strategies with and without conversion, estimate all related transaction costs and compare the net returns. We find...

В настоящем исследовании предпринята попытка ответить на вопрос: насколько хорошо в России организована система оказания образовательных услуг в школе, и какие...

The stock market's behavior was influenced in the main by the declining oil futures prices. The negative dynamics of stock indexes resulted in a drop of the stock market's capitalization over the month by 3.71%; however, Blue Chips demonstrated growth to 9.07% per month and to 13.81% per annum....

The stock market dynamics in March was affected by several developments, such as a decrease in oil futures prices and the crisis situation in Cyprus. From the beginning of the month the growth was replaced by a reverse trend. The dynamics of stock market indices has led to a decrease in...

The Russian stock market in February was characterized by a minor correction in prices of majority of securities traded in the market, after growth in the previous two months. Oil futures have declined on average by 2.2%. Dollar exchange rate remained at the level below Rb/Dollar 30.35, while...

The new year's beginning was marked by a generally positive behavior of the stock market. The quotation changes displayed by major Blue Chips over January were multi-vectored. At the same time, it should be noted that the observed growth in prices was sustained by Russian investors, while...

In December 2012, the Russian financial markets demonstrated a similar trend to the previous months, characterized by significant volatility. An average monthly trading volume of the Russian Federation for the period increased by 4%, while the market for government securities and futures...

The "Big Twenty" fears of a slowdown in the global economy, downgrading of France credit rating and volatility of oil prices have led to deterioration in the Russian financial markets in November 2012. Herewith, the average daily market turnover of governmental securities has decreased most...

The MICEX index was declining in the first decade in November 2013 until the middle of the month when the stock market saw the beginning of insignificant uptrend in response to oil price recovery. The stock market capitalization reached Rb 24,68 trillion (38.05% of GDP) as of November 26, 2013....

Oil prices increase in the beginning of October 2013 was followed by a 4.2% growth in the MICEX index in the first half of the month. As of October 28, 2013, the MICEX index increased 2.7% since the start of the month and reached 1511 points. OJSC Norilsk Nickel's stocks showed maximum growth...