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Spanish Abstract: La estimación de la relación rentabilidad-riesgo a nivel internacional exige fuertes supuestos. Uno de ellos es el de la perfecta integración. En este artículo se intenta validar si este se cumple para los países emergentes y desarrollados; y se propone un modelo...
Persistent link: https://www.econbiz.de/10012984382
The exchange markets and the exchange rates of Asia and Latin America are studied econometrically. Endogenous structural change and cointegration analyzes and impulse-response functions are used. The findings indicate that: 1) the long-term timing of the exchange markets is low; 2) there is no...
Persistent link: https://www.econbiz.de/10011870778
Korean Abstract: 본 연구는 포트폴리오 선택 및 이자율평형 이론에 근거하여 수익성 요인인 차익거래유인, 글로벌 리스크 및 국가 리스크를 중심으로 글로벌 금융위기 전·후 우리나라에 대한 외국인의 채권투자 결정요인 변화...
Persistent link: https://www.econbiz.de/10012915513
Spanish Abstract: La estimación de la relación rentabilidad-riesgo a nivel internacional exige fuertes supuestos. Uno de ellos es el de la perfecta integración. En este artículo se intenta validar si este se cumple para los países emergentes y desarrollados; y se propone un modelo...
Persistent link: https://www.econbiz.de/10014126413
Persistent link: https://www.econbiz.de/10003874593
This paper tests the existence of financial contagion between US and Latin America stock markets based on the analysis … procedure to examine the potential channels of financial contagion effects on emerging stock markets. The empirical results … markets are significantly affected by the contagion effects from the global financial crisis. However, Argentina stock market …
Persistent link: https://www.econbiz.de/10012260195
Persistent link: https://www.econbiz.de/10002082565
In this paper we study the presence of calendar anomalies in the main Latin- American stock markets, for the 1993 to 2007 period. The literature has shown that the detection of those effects may depend on error distribution assumptions (Baker et al., 2008), and that their existence could be due...
Persistent link: https://www.econbiz.de/10009668346
Persistent link: https://www.econbiz.de/10011913224
Persistent link: https://www.econbiz.de/10003541882