TY - JOUR
T1 - On the linkages between equity markets in Latin America
AU - Pagán, José A.
AU - Soydemir, Gökçe
N1 - Copyright:
Copyright 2017 Elsevier B.V., All rights reserved.
PY - 2000
Y1 - 2000
N2 - This paper utilizes a VAR model to analyse the extent of interdependency of equity markets in Latin America. The results from estimating impulse response functions suggest that there are strong linkages between the equity markets of Mexico and the US, and weaker but significant linkages between the stock markets of Argentina, Brazil and Chile. These cross-country differences in transmission patterns may result from country-specific differences in both the financial market structure as well as economic fundamentals.
AB - This paper utilizes a VAR model to analyse the extent of interdependency of equity markets in Latin America. The results from estimating impulse response functions suggest that there are strong linkages between the equity markets of Mexico and the US, and weaker but significant linkages between the stock markets of Argentina, Brazil and Chile. These cross-country differences in transmission patterns may result from country-specific differences in both the financial market structure as well as economic fundamentals.
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U2 - 10.1080/135048500351816
DO - 10.1080/135048500351816
M3 - Article
AN - SCOPUS:0034059098
SN - 1350-4851
VL - 7
SP - 207
EP - 210
JO - Applied Economics Letters
JF - Applied Economics Letters
IS - 3
ER -