Interdependence of Precious Metals Markets and Russian Stock Market

Student: Levdikova Anastasiia

Faculty: International College of Economics and Finance

Educational Programme: Double degree programme in Economics of the NRU HSE and the University of London (Bachelor)

Year of Graduation: 2017

VAR and VECM models built during this research helped to find significant interdependencies between prices on precious metals and Russian stock market RTS index, which evidences against the semi-strong form of efficiency of Russian stock market. The study has also implications for portfolio diversification, so the results are valuable for asset holders and asset managers.

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