Mensi, Walid; Hammoudeh, Shawkat; Reboredo, Juan Carlos; … - Institut de Préparation à l'Administration et à la … - 2014
This paper examines the dependence structure between the emerging stock markets of the BRICS countries (Brazil, Russia … period from September 1997 to September 2013 show that the BRICS stock markets exhibit asymmetric dependence with the global … stock market and this dependence has not changed since the onset of the recent global financial crisis. Moreover, oil prices …