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. Additi...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Universidad Autónoma Metropolitana
2006-01-01
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| Series: | Análisis Económico |
| Online Access: | http://www.redalyc.org/articulo.oa?id=41304705 |
| _version_ | 1797282412164546560 |
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| author | Andrés Rivas Antonio Rodríguez Pedro H. Albuquerque |
| author_facet | Andrés Rivas Antonio Rodríguez Pedro H. Albuquerque |
| author_sort | Andrés Rivas |
| collection | DOAJ |
| 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. |
| first_indexed | 2024-03-07T17:12:37Z |
| format | Article |
| id | doaj.art-2e8d0a26f7ed4eb9bc8063c0936ac0cc |
| institution | Directory Open Access Journal |
| issn | 0185-3937 |
| language | English |
| last_indexed | 2024-03-07T17:12:37Z |
| publishDate | 2006-01-01 |
| publisher | Universidad Autónoma Metropolitana |
| record_format | Article |
| series | Análisis Económico |
| spelling | doaj.art-2e8d0a26f7ed4eb9bc8063c0936ac0cc2024-03-03T00:38:56ZengUniversidad Autónoma MetropolitanaAnálisis Económico0185-39372006-01-0121475167Are European Stock Markets Influencing Latin American Stock Markets?Andrés RivasAntonio RodríguezPedro H. AlbuquerqueIn 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.http://www.redalyc.org/articulo.oa?id=41304705 |
| spellingShingle | Andrés Rivas Antonio Rodríguez Pedro H. Albuquerque Are European Stock Markets Influencing Latin American Stock Markets? Análisis Económico |
| title | 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_short | Are European Stock Markets
Influencing Latin American Stock
Markets? |
| title_sort | are european stock markets influencing latin american stock markets |
| url | http://www.redalyc.org/articulo.oa?id=41304705 |
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