Hernández-Gamarra, Katerin; Sarmiento-Sabogal, Julio; … - In: International Journal of Energy Economics and Policy 5 (2015) 2, pp. 534-539
The purpose of this paper is to study if there is a Granger causality relationship between the price of oil and the prices of the stocks that compose the Integrated Latin American Market (MILA) index. Our analysis found that from the perspective of the efficient market hypothesis, there is no...