Are European Stock Markets Influencing Latin American Stock Markets?

In this study, we examine the response of Latin American stock markets to movements in European stock markets. Our results vary depending on the openness of the country in terms of international trade. We find evidence that Latin American stock markets are affected by Spanish stock market. Additiona...

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Detalles Bibliográficos
Autores principales: Antonio Rodríguez, Andrés Rivas, Pedro H. Albuquerque
Formato: Artículo científico
Publicado: Universidad Autónoma Metropolitana Unidad Azcapotzalco 2006
Materias:
Economía y Finanzas
Emerging Markets
Latin America
Stock Markets Interdependence
Acceso en línea:http://www.redalyc.org/articulo.oa?id=41304705
http://biblioteca.clacso.edu.ar/gsdl/cgi-bin/library.cgi?a=d&c=mx/mx-022&d=41304705oai
Aporte de:
Red de Bibliotecas Virtuales de Ciencias Sociales (CLACSO) de Consejo Latinoamericano de Ciencias Sociales
id I16-R122-41304705oai
record_format dspace
institution Consejo Latinoamericano de Ciencias Sociales
institution_str I-16
repository_str R-122
collection Red de Bibliotecas Virtuales de Ciencias Sociales (CLACSO)
topic Economía y Finanzas
Emerging Markets
Latin America
Stock Markets Interdependence
spellingShingle Economía y Finanzas
Emerging Markets
Latin America
Stock Markets Interdependence
Antonio Rodríguez
Andrés Rivas
Pedro H. Albuquerque
Are European Stock Markets Influencing Latin American Stock Markets?
topic_facet Economía y Finanzas
Emerging Markets
Latin America
Stock Markets Interdependence
description In this study, we examine the response of Latin American stock markets to movements in European stock markets. Our results vary depending on the openness of the country in terms of international trade. We find evidence that Latin American stock markets are affected by Spanish stock market. Additionally, during the second and third-periods (1995 to 1998 and 1999 to 2004) Spain appears to have much stronger ties (such as more trade) with Brazil and Chile, and this might explain why Brazil and Chile are affected from Spain and not from the other European markets. This study uncovers two important findings. First, Spain has an effect on Latin American markets but these responses are not homogeneous across markets. Second, the magnitude of Spain´s influence is different in each of the three sub-periods under study.
format Artículo científico
Artículo científico
author Antonio Rodríguez
Andrés Rivas
Pedro H. Albuquerque
author_facet Antonio Rodríguez
Andrés Rivas
Pedro H. Albuquerque
author_sort Antonio Rodríguez
title Are European Stock Markets Influencing Latin American Stock Markets?
title_short Are European Stock Markets Influencing Latin American Stock Markets?
title_full Are European Stock Markets Influencing Latin American Stock Markets?
title_fullStr Are European Stock Markets Influencing Latin American Stock Markets?
title_full_unstemmed Are European Stock Markets Influencing Latin American Stock Markets?
title_sort are european stock markets influencing latin american stock markets?
publisher Universidad Autónoma Metropolitana Unidad Azcapotzalco
publishDate 2006
url http://www.redalyc.org/articulo.oa?id=41304705
http://biblioteca.clacso.edu.ar/gsdl/cgi-bin/library.cgi?a=d&c=mx/mx-022&d=41304705oai
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AT pedrohalbuquerque areeuropeanstockmarketsinfluencinglatinamericanstockmarkets
bdutipo_str Repositorios
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