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dc.creatorCastro, Carlos 
dc.creatorMarín, Nini Johana 
dc.date.accessioned2015-09-17T11:33:13Z
dc.date.available2015-09-17T11:33:13Z
dc.date.created2014
dc.date.issued2014
dc.identifier.citationCastro, C., & Marín, N. J. (2014). Stock return comovements and integration within. Bogotá: Universidad del Rosario.
dc.identifier.urihttp://repository.urosario.edu.co/handle/10336/10804
dc.descriptionFinancial integration has been pursued aggressively across the globe in the last fifty years; however, there is no conclusive evidence on the diversification gains (or losses) of such efforts. These gains (or losses) are related to the degree of comovements and synchronization among increasingly integrated global markets. We quantify the degree of comovements within the integrated Latin American market (MILA). We use dynamic correlation models to quantify comovements across securities as well as a direct integration measure. Our results show an increase in comovements when we look at the country indexes, however, the increase in the trend of correlation is previous to the institutional efforts to establish an integrated market in the region. On the other hand, when we look at sector indexes and an integration measure, we find a decreased in comovements among a representative sample of securities form the integrated market.
dc.format.extent21 páginas
dc.format.mediumRecurso electrónico
dc.format.mimetypeapplication/pdf
dc.language.isoeng
dc.relation.ispartofSerie documentos de trabajo. No 154 (Abril 2014)
dc.relation.urihttps://ideas.repec.org/p/col/000091/011041.html
dc.sourceinstname:Universidad del Rosario
dc.sourcereponame:Repositorio Institucional EdocUR
dc.sourceinstname:Universidad del Rosario
dc.subject.ddc382.91
dc.subject.lembEconomía
dc.subject.lembIntegración económica
dc.subject.lembIntegración económica internacional
dc.subject.lembDesarrollo económico
dc.titleStock return comovements and integration within the Latin American integrated market
dc.typebook
dc.publisherUniversidad del Rosario
dc.publisher.departmentFacultad de Economía
dc.identifier.editorialEditorial Universidad del Rosario
dc.subject.keywordcomovements
dc.subject.keywordcorrelation
dc.subject.keywordmarket integration
dc.rights.accesRightsinfo:eu-repo/semantics/openAccess
dc.type.spaDocumento de trabajo
dc.rights.accesoAbierto (Texto completo)
dc.type.hasVersioninfo:eu-repo/semantics/acceptedVersion
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dc.rights.ccAtribución-NoComercial-SinDerivadas 2.5 Colombia


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