Abstract
This paper utilizes a VAR model to analyse the extent of interdependency of equity markets in Latin America. The results from estimating impulse response functions suggest that there are strong linkages between the equity markets of Mexico and the US, and weaker but significant linkages between the stock markets of Argentina, Brazil and Chile. These cross-country differences in transmission patterns may result from country-specific differences in both the financial market structure as well as economic fundamentals.
| Original language | English (US) |
|---|---|
| Pages (from-to) | 207-210 |
| Number of pages | 4 |
| Journal | Applied Economics Letters |
| Volume | 7 |
| Issue number | 3 |
| State | Published - 2000 |
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ASJC Scopus subject areas
- Economics and Econometrics
Cite this
On the linkages between equity markets in Latin America. / Pagan, Jose; Soydemir, Gökçe.
In: Applied Economics Letters, Vol. 7, No. 3, 2000, p. 207-210.Research output: Contribution to journal › Article
}
TY - JOUR
T1 - On the linkages between equity markets in Latin America
AU - Pagan, Jose
AU - Soydemir, Gökçe
PY - 2000
Y1 - 2000
N2 - This paper utilizes a VAR model to analyse the extent of interdependency of equity markets in Latin America. The results from estimating impulse response functions suggest that there are strong linkages between the equity markets of Mexico and the US, and weaker but significant linkages between the stock markets of Argentina, Brazil and Chile. These cross-country differences in transmission patterns may result from country-specific differences in both the financial market structure as well as economic fundamentals.
AB - This paper utilizes a VAR model to analyse the extent of interdependency of equity markets in Latin America. The results from estimating impulse response functions suggest that there are strong linkages between the equity markets of Mexico and the US, and weaker but significant linkages between the stock markets of Argentina, Brazil and Chile. These cross-country differences in transmission patterns may result from country-specific differences in both the financial market structure as well as economic fundamentals.
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UR - http://www.scopus.com/inward/citedby.url?scp=0034059098&partnerID=8YFLogxK
M3 - Article
AN - SCOPUS:0034059098
VL - 7
SP - 207
EP - 210
JO - Applied Economics Letters
JF - Applied Economics Letters
SN - 1350-4851
IS - 3
ER -