Identidad Institucional CRAI
Logo EdocUR
    • English
    • español
    • português
  •  Carga de trabalho
  •  Perguntas frequentes
  • português 
    • English
    • español
    • português
  • Entrar

Contacto

Twitter

Facebook

Youtube

Ver item 
  •   Repositorio Institucional EdocUR
  • Investigación
  • Documentos de investigación
  • Facultad de Economía
  • Documentos de trabajo economía
  • Ver item
  •   Repositorio Institucional EdocUR
  • Investigación
  • Documentos de investigación
  • Facultad de Economía
  • Documentos de trabajo economía
  • Ver item
JavaScript is disabled for your browser. Some features of this site may not work without it.

Stock return comovements and integration within the Latin American integrated market

  • Exportar citas ▼
    • Exportar a Mendeley
    • Exportar a BibTex
Thumbnail
Visualizar

Data

2014

Autor

Castro, CarlosAutoridad Universidad de Rosario
Marín, Nini Johana

Share

Citas

URI

https://ideas.repec.org/p/col/000091/011041.html...

Resumo

Financial 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.

Keyword

comovements ; correlation ; market integration ;

Materias

Comercio internacional (Comercio exterior) ;

Link para a fonte

https://ideas.repec.org/p/col/000091/011041.html...

Mostrar registro completo

Collections
  • Documentos de trabajo economía [267]
Política de Acceso Abierto URPortal de Revistas URRepositorio de Datos de Investigación URCiencia Abierta UR
 

 

Navegar

Todo o repositórioComunidades e ColeçõesTítulosAutoresTypeAssuntosDirectorPor data do documentoEsta coleçãoTítulosAutoresTypeAssuntosDirectorPor data do documento

Minha conta

EntrarCadastro

Estatística

Ver as estatísticas de uso
Política de Acceso Abierto URPortal de Revistas URRepositorio de Datos de Investigación URCiencia Abierta UR