Analyzing the potential of the Russian stock market

Abstract

Subject. The article investigates the Russian stock market. Objectives. The purpose is to determine the potential of the Russian stock market. Methods. The study employs methods of statistical analysis. Results. The study revealed that the potential of the Russian stock market is determined by a number of factors, like significant excess of the volume of shares of non-financial organizations over the total shares of credit institutions, other financial organizations and insurers; maintaining the dynamics of debt obligations of government bodies at the level of the totality of debt obligations of non-financial organizations, credit institutions, other financial organizations and insurers; continuous presence of non-residents in the debt market, in contrast to the short-term presence of the Central Bank of the Russian Federation; the tendency for the growth of ruble-denominated debt of non-financial sector on bank loans and issued debt securities to exceed the extended index; a commensurate increase in the ruble-denominated debt of households and non-profit institutions serving households on bank loans and issued debt securities and the expanded indicator; a vigorous reduction in the excess of the broad money supply over M2, and others. Conclusions. The identified potential of the Russian stock market indicates to the expert community the parameters of the financial market.