Cermeño, Rodolfo; Solís Montes, Mahetabel - Centro de Investigación y Docencia Económicas (CIDE) - 2010
This paper studies the relationship between macroeconomic fundamentals and the dynamics of stock market prices in Mexico. Specifically, we examine the reaction of daily returns to announcements on macroeconomic variables, using GARCH models. We investigate the behavior of the Mexican stock price...