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<article article-type="research-article" dtd-version="1.3" xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xml:lang="ru"><front><journal-meta><journal-id journal-id-type="publisher-id">finance</journal-id><journal-title-group><journal-title xml:lang="ru">Финансы: теория и практика/Finance: Theory and Practice</journal-title><trans-title-group xml:lang="en"><trans-title>Finance: Theory and Practice</trans-title></trans-title-group></journal-title-group><issn pub-type="ppub">2587-5671</issn><issn pub-type="epub">2587-7089</issn><publisher><publisher-name>Financial University under The Government of Russian Federation</publisher-name></publisher></journal-meta><article-meta><article-id pub-id-type="doi">10.26794/2587-5671-2018-22-6-82-94</article-id><article-id custom-type="elpub" pub-id-type="custom">finance-779</article-id><article-categories><subj-group subj-group-type="heading"><subject>Research Article</subject></subj-group><subj-group subj-group-type="section-heading" xml:lang="ru"><subject>МЕЖДУНАРОДНЫЕ ФИНАНСЫ</subject></subj-group><subj-group subj-group-type="section-heading" xml:lang="en"><subject>INTERNATIONAL FINANCE</subject></subj-group></article-categories><title-group><article-title>Вызовы фондовых рынков Евразийского экономического союза: аналитический подход</article-title><trans-title-group xml:lang="en"><trans-title>Challenges for the Eurasian Economic Union Stock Markets: Analytical Approach</trans-title></trans-title-group></title-group><contrib-group><contrib contrib-type="author" corresp="yes"><contrib-id contrib-id-type="orcid">https://orcid.org/0000-0001-8684-1684</contrib-id><name-alternatives><name name-style="eastern" xml:lang="ru"><surname>Ярыгина</surname><given-names>И. З.</given-names></name><name name-style="western" xml:lang="en"><surname>Yarygina</surname><given-names>I. Z.</given-names></name></name-alternatives><bio xml:lang="ru"><p> доктор экономических наук, профессор, профессор Департамента мировой экономики и мировых финансов, научный руководитель магистерской программы «Международные финансы и банки».</p><p>Москва.</p></bio><bio xml:lang="en"><p> Dr. Sci. (Econ.), Professor, Scientific Head of the Master program “International banking and finance”, Professor of the Department of Global Economy and Global Finance. </p><p>Moscow.</p></bio><email xlink:type="simple">jiz4@yandex.ru</email><xref ref-type="aff" rid="aff-1"/></contrib><contrib contrib-type="author" corresp="yes"><contrib-id contrib-id-type="orcid">https://orcid.org/0000-0001-3734-5507</contrib-id><name-alternatives><name name-style="eastern" xml:lang="ru"><surname>Панова</surname><given-names>Г. С.</given-names></name><name name-style="western" xml:lang="en"><surname>Panova</surname><given-names>G. S.</given-names></name></name-alternatives><bio xml:lang="ru"><p>доктор экономических наук, профессор, заведующая кафедрой «Банки, денежное обращение и кредит», Научный руководитель магистерской программы «Банки и банковский бизнес».</p><p>Москва.</p></bio><bio xml:lang="en"><p>Dr. Sci. (Econ.), Professor, Chair of the Department of Banks, Monetary Circulation and Credit, Scientific Head of the Master program “Banks and Banking”.</p><p>Moscow.</p></bio><email xlink:type="simple">gpanova@mail.ru</email><xref ref-type="aff" rid="aff-2"/></contrib><contrib contrib-type="author" corresp="yes"><contrib-id contrib-id-type="orcid">https://orcid.org/0000-0002-7235-1139</contrib-id><name-alternatives><name name-style="eastern" xml:lang="ru"><surname>Лукашенко</surname><given-names>И. В.</given-names></name><name name-style="western" xml:lang="en"><surname>Lukashenko</surname><given-names>I. V.</given-names></name></name-alternatives><bio xml:lang="ru"><p> кандидат экономических наук, доцент Департамента мировой экономики и мировых финансов.</p><p>Москва.</p></bio><bio xml:lang="en"><p> Cand. Sci. (Econ), Associate professor of the Department of Global Economy and Global Finance.</p><p>Moscow.</p></bio><email xlink:type="simple">anelal@mail.ru</email><xref ref-type="aff" rid="aff-1"/></contrib><contrib contrib-type="author" corresp="yes"><contrib-id contrib-id-type="orcid">https://orcid.org/0000-0001-6171-0944</contrib-id><name-alternatives><name name-style="eastern" xml:lang="ru"><surname>Руигрок</surname><given-names>К.</given-names></name><name name-style="western" xml:lang="en"><surname>Ruigrok</surname><given-names>K.</given-names></name></name-alternatives><bio xml:lang="ru"><p> магистр экономики, направление «Международные финансы и банки».</p><p>Москва.</p></bio><bio xml:lang="en"><p> Master of Economics (International banking and finance).</p><p>Moscow; Ireland.</p></bio><email xlink:type="simple">Kris-r@hotmail.com</email><xref ref-type="aff" rid="aff-3"/></contrib></contrib-group><aff-alternatives id="aff-1"><aff xml:lang="ru"><institution>Финансовый университет.</institution><country>Россия</country></aff><aff xml:lang="en"><institution>Financial University.</institution><country>Russian Federation</country></aff></aff-alternatives><aff-alternatives id="aff-2"><aff xml:lang="ru"><institution>МГИМО МИД России.</institution><country>Россия</country></aff><aff xml:lang="en"><institution>Moscow State Institute of International Relations.</institution><country>Russian Federation</country></aff></aff-alternatives><aff-alternatives id="aff-3"><aff xml:lang="ru"><institution>Финансовый университет; Дублинский технологический институт.</institution><country>Россия</country></aff><aff xml:lang="en"><institution>Financial University; Dublin Institute of Technology.</institution><country>Russian Federation</country></aff></aff-alternatives><pub-date pub-type="collection"><year>2018</year></pub-date><pub-date pub-type="epub"><day>25</day><month>12</month><year>2018</year></pub-date><volume>22</volume><issue>6</issue><fpage>82</fpage><lpage>94</lpage><permissions><copyright-statement>Copyright &amp;#x00A9; Ярыгина И.З., Панова Г.С., Лукашенко И.В., Руигрок К., 2018</copyright-statement><copyright-year>2018</copyright-year><copyright-holder xml:lang="ru">Ярыгина И.З., Панова Г.С., Лукашенко И.В., Руигрок К.</copyright-holder><copyright-holder xml:lang="en">Yarygina I.Z., Panova G.S., Lukashenko I.V., Ruigrok K.</copyright-holder><license xml:lang="ru" license-type="creative-commons-attribution" xlink:href="https://creativecommons.org/licenses/by/4.0/" xlink:type="simple"><license-p>Данная работа распространяется под лицензией Creative Commons Attribution 4.0.</license-p></license><license xml:lang="en" license-type="creative-commons-attribution" xlink:href="https://creativecommons.org/licenses/by/4.0/" xlink:type="simple"><license-p>This work is licensed under a Creative Commons Attribution 4.0 License.</license-p></license></permissions><self-uri xlink:href="https://financetp.fa.ru/jour/article/view/779">https://financetp.fa.ru/jour/article/view/779</self-uri><abstract><p>Укрепление сотрудничества стран Евразийского экономического союза — лучшее решение для смягчения последствий торговых войн, недобросовестной конкуренции и ухудшения международных экономических отношений. В статье представлены результаты анализа индексов фондовых рынков Евразийского экономического союза (ЕАЭС), на базе которых выявлена их значительная корреляция. Цель статьи — разработка рекомендаций, направленных на оптимизацию сотрудничества стран — членов ЕАЭС и расширение взаимодействия сторон в финансовой сфере. Использованы данные Bloomberg за период 2000–2017 гг. и технология Excel, что позволило на базе публикуемых индексов торговых площадок ЕАЭС подтвердить гипотезу о взаимозависимости наиболее развитых фондовых рынков: московского и казахстанского. Графический анализ исследования показал, что корреляция показателей указанных торговых площадок возникла в 2008 г. —  в период преодоления последствий глобального финансово-экономического кризиса. До 2007 г. взаимозависимости индексов московской и казахстанской торговых площадок не наблюдалось. Проведенное исследование показало, что индексы фондовых рынков ЕАЭС в значительной степени зависят от производства сырья и цен на сырьевые товары. В условиях развития финансовых отношений ЕАЭС предложено использовать мировой опыт укрепления экономического сотрудничества европейских стран и методы преодоления ими кризисных явлений 50-х гг. ХХ в. ЕАЭС необходима гармонизация финансовой политики и финансовых отношений, упрощение доступа предпринимателей к кредитованию, совершенствование налоговых льгот экспортерам промышленных товаров и порядка предоставления субсидий новым отраслям экономики. Использование европейского опыта в ЕАЭС может способствовать преодолению проблем и решению задач сотрудничества.</p></abstract><trans-abstract xml:lang="en"><p>Strengthening cooperation of the Eurasian Economic Union member-countries is the best solution to mitigate trade wars, unfair competition and worsening of international economic relations. The article reveals the significant correlation of the stock indices based on the analysis of the Eurasian Economic Union (EAEU) stock markets. The objective of the article is to introduce recommendations aimed at optimising cooperation of EAEU member-states and expanding their interaction in the financial sphere. Bloomberg data for 2000-2017 together with Excel tools have been used which allowed to prove the hypothesis of interdependence between the most developed stock markets: Moscow and Kazakhstan. The graphical analysis of the research has showed that a correlation between the indicators of these stock trading floors appeared in 2008, when the effects of the global financial and economic crisis were being overcome. There was no interdependence between the indices of the Moscow and Kazakhstan marketplaces until 2007. The research has showed that the EAEU stock market indices depend significantly on the production of raw materials and commodity prices. In the conditions of the financial relations development, the EAEU has proposed to use the world experience of strengthening the economic cooperation of European countries and their methods to overcome the crisis phenomena of the 1950s. The EAEU has to harmonize financial policies and financial relations, simplify entrepreneur access to lending, improve tax breaks for exporters of manufactured goods and grant subsidies to new sectors of the economy. The European experience can help the EAEU to overcome difficulties and solve cooperation problems.</p></trans-abstract><kwd-group xml:lang="ru"><kwd>Евразийский экономический союз</kwd><kwd>фондовый рынок</kwd><kwd>индексы</kwd><kwd>экономическое сотрудничество</kwd></kwd-group><kwd-group xml:lang="en"><kwd>Eurasian Economic Union</kwd><kwd>stock market</kwd><kwd>indices</kwd><kwd>economic cooperation</kwd></kwd-group></article-meta></front><back><ref-list><title>References</title><ref id="cit1"><label>1</label><citation-alternatives><mixed-citation xml:lang="ru">Shuvalov I. Eurasian Economic Union to have a common currency in 5-10 years. TASS. 25 July 2014. URL: http://tass.com/economy/742323 (accessed 16.08.2018).</mixed-citation><mixed-citation xml:lang="en">Shuvalov I. Eurasian Economic Union to have a common currency in 5-10 years. TASS. 25 July 2014. 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