Hwang, Jae-Kwang - In: International Advances in Economic Research 20 (2014) 3, pp. 311-324
This paper examines the transmission of the 2008 US financial crisis to four Latin American stock markets using daily stock returns from 2006 to 2010, analyzing before, during and after the 2008 financial crisis. The empirical evidence presents a financial contagion by showing persistently...