The aim of this paper is to identify the relationship between macroeconomic shocks and financial vulnerability in the argentine case for the period 1977-2004, by using VEC models. The results show that falls in the deposit-currency ratio (indicator of crisis or financial vulnerability) would be...

This paper examines the long-term relationships between the main indicators of stock market and economic activity, in the case of Argentina. The paper employ Granger causality and exogeneity tests based on VEC models (vector error correction), with monthly data covering the period 1993:1-2010:8....