Securities Market Impact on Economic Growth

Authors

  • Aleksander Nikolayevich Zelenuk Moscow State Institute of International Relations (University) of the MFA of Russia
  • Viktor Nikolayevich Kirillov State University of Management
  • Galina Aleksandrovna Orlova Russian Foreign Trade Academy

DOI:

https://doi.org/10.24412.2072-8042-2021-8-76-85

Keywords:

securities market, issue of shares and bonds, derivative financial securities, appearance of , economy, economic crisis

Abstract

In the article, the authors consider the impact of the securities market changes on economic growth in the modern market economy. They underline the expanded issue and sale of securities in developed economies; show the structure of the market, emphasizing the rapid increase in the derivatives issuance. The authors reveal the ways the securities market influences the changes in economic indicators and emphasize the extremely high volatility of derivatives, noting that quite often they are bought as a result of exuberance, often without careful estimation of the risks. Special attention is paid to “bubbles” in the economy that arise due to ebullient demand for unsecured securities.

Author Biographies

Aleksander Nikolayevich Zelenuk, Moscow State Institute of International Relations (University) of the MFA of Russia

Candidate of Economic Sciences
Place of work, post: Moscow State Institute of International Relations (University) MFA Russia (76, Vernadskogo Prosp., Moscow, 119454), Department of Economic Theory, Assistant Professor

Viktor Nikolayevich Kirillov, State University of Management

Doctor of Economic Sciences, Professor
Place of work, post: State University of Management (99 Ryazanskiy Prospekt, Moscow, 109542) - World Economy and International Economic Relations Department

Galina Aleksandrovna Orlova, Russian Foreign Trade Academy

Candidate of Economic Sciences, Associate Professor
Place of work, post: Russian Foreign Trade Academy (119285, Moscow, Vorob’evskoe shosse, 6A),
Department of world and national economy - Professor

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Published

2024-01-28

How to Cite

Zelenuk, A. N., Kirillov, V. N., & Orlova, G. A. (2024). Securities Market Impact on Economic Growth. Russian Foreign Economic Journal, (8), 76–85. https://doi.org/10.24412.2072-8042-2021-8-76-85

Issue

No. 8 (2021)

Section

World economy

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