Monteiro, Ana Sofia Melo; Silva, Nuno; Sebastião, … - In: Financial innovation : FIN 9 (2023) 1, pp. 1-48
In this study, we analyze the lead-lag relationships between the US industry index and those of six other major countries from January 1973 to May 2021. We identify the leading role played by the US internationally by showing that the weekly returns of US industries, especially the US basic...
