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Financial Analytics: Science and Experience
 

Impact of interest rates on the behavior of the stock markets of the BRIC countries

Vol. 7, Iss. 11, MARCH 2014

Available online: 15 March 2014

Subject Heading: Stock market

JEL Classification: 

Pages: 30-36

Fedorova E.A. Financial University under Government of Russian Federation, Moscow, Russian Federation
ecolena@mail.ru

Gilenko E.V. St. Petersburg State University, St. Petersburg, Russian Federation
e.gilenko@econ.pu.ru

The article considers influence of a rate of LIBOR of the trade weighed index of the USA on behavior of stock markets of BRIC group on the basis of the econometric analysis. The authors prove direct influence of this index on behavior of stock markets of the considered countries on the basis of research.

Keywords: LIBOR, trade-weighted index of the U.S., stock market, BRICS, econometric modeling

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