Year of Graduation
Interdependence of Precious Metals Markets and Russian Stock Market
Double degree programme in Economics of the NRU HSE and the University of London
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.