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Student
Title
Supervisor
Faculty
Educational Programme
Final Grade
Year of Graduation
Elizaveta Andreeva
Investigation of Intedependencies among National Stock Market Indices
Bachelor’s programme
2014
This paper is devoted to the effect of the political crisis in Ukraine 2013-2014 upon the relations between national stock markets of seven countries: Russia, Ukraine, Czech Republic, Kazakhstan, Germany, the United Kingdom and the USA. The main methodologies used in the investigation are cointegration, VEC-model, VAR-model and Granger causality. The crucial findings of this paper are listed as follows: 1) a long-term interaction among studied countries exists; 2) since the political crisis began an influence of western countries’ stock markets on the Ukrainian has strengthened while the same impact of the Russian market became weaker; 3) Short-run shocks on the Ukrainian market appeared during the crisis affect only Russian and Kazakhstan markets; 4) political crisis have no impact on the interconnections between the other countries.

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