Biblioteca Digital de VanguardiaDynamics and volatility at stock market indexes of Pacific Alliance countries.
The Latin American Integrated Market agreement between Peru, Chile, Colombia and Mexico was signed within the framework under the Pacific Alliance, following the experiences of the European Union and integrated Asian and Middle Eastern markets. This agreement was aimed at diversifying markets and at...
| Autores principales: | , |
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| Formato: | Revistas |
| Lenguaje: | Español |
| Publicado: |
Universidad de Cartagena
2016
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| Acceso en línea: | https://revistas.unicartagena.edu.co/index.php/panoramaeconomico/article/view/1550 |
| _version_ | 1782340308219985920 |
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| author | Rojas Mora, Jaime Chamorro Futinico, Julio Cesar |
| author_facet | Rojas Mora, Jaime Chamorro Futinico, Julio Cesar |
| author_sort | Rojas Mora, Jaime |
| collection | Revista |
| description | The Latin American Integrated Market agreement between Peru, Chile, Colombia and Mexico was signed within the framework under the Pacific Alliance, following the experiences of the European Union and integrated Asian and Middle Eastern markets. This agreement was aimed at diversifying markets and attracting global investors. Due to this, through the application of correlation and cointegration analyses, and using the impulse response function of vector autoregression (VAR), we identify the impacts on returns and volatility at the main stock indexes for each of MILA member countries. |
| format | Revistas |
| id | oai:revistas.unicartagena.edu.co:article-1550 |
| institution | Revista Panorama Económico |
| language | Español |
| publishDate | 2016 |
| publisher | Universidad de Cartagena |
| record_format | ojs |
| spelling | oai:revistas.unicartagena.edu.co:article-15502021-10-10T02:57:54Z Dynamics and volatility at stock market indexes of Pacific Alliance countries. Dinámica y volatilidad en los índices bursátiles de los países de la Alianza Pacífico. Dynamique et volatilité dans les indices de bourse chez les pays de L’alliance Pacifique. Rojas Mora, Jaime Chamorro Futinico, Julio Cesar Financial integration Cointegration Volatility Integración financiera Cointegración Volatilidad Intégration financière Co intégration Volatilité The Latin American Integrated Market agreement between Peru, Chile, Colombia and Mexico was signed within the framework under the Pacific Alliance, following the experiences of the European Union and integrated Asian and Middle Eastern markets. This agreement was aimed at diversifying markets and attracting global investors. Due to this, through the application of correlation and cointegration analyses, and using the impulse response function of vector autoregression (VAR), we identify the impacts on returns and volatility at the main stock indexes for each of MILA member countries. El Acuerdo del Mercado Integrado Latinoamericano (MILA) suscrito entre Perú, Chile, Colombia y México fue suscrito en el marco de la Alianza del Pacífico, siguiendo la experiencia de la Unión Europea y los procesos de integración en Asia y Medio Este. Este acuerdo busca diversificar los mercados y atraer inversionistas del resto del mundo. Mediante análisis de correlación y cointegración, además de funciones impulso-respuesta de vectores autorregresivos (VAR), identificamos los impactos en los retornos y en la volatilidad de los principales índices para cada uno de los países miembros del MILA. “Le Marché Intégré Latino-américain entre Pérou, Chili, Colombie et Mexique fut signé dans le cadre de l’Alliance Pacifique, suivant les expériences de l’Union Européenne et les marchés intégrés d’Asie et du Moyen Est. L’application d’analyse de corrélation et de co intégration, et de Vecteur Auto Régression servent a identifier les impacts sur le retour et sur la volatilité dans les principaux indices. 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Journal of Post Keynesian Economics, 32(2), 163-172. https://doi.org/10.2753/PKE0160-3477320202 /*ref*/Schmiedel, H., & Schönenberger, A. (2005). Integration of securities market infrastructures in the euro area. ECB Occasional Paper, (33). /*ref*/Traczyk, A. (2012). Financial integration and the term structure of interest rates. Empirical Economics, 45(3), 1267-1305. https://doi.org/10.1007/s00181-012-0652-7 /*ref*/Volz, U. (2013). ASEAN Financial Integration in the Light of Recent European Experiences. Asean Economic Bulletin, 30(2), 124. https://doi.org/10.1355/ae30-2b /*ref*/You, J., Liu, C., & Du, G. (2014). With Economic integration comes financial contagion? evidence from China. Emerging Markets Finance and Trade, 50(3), 62-80. https://doi.org/10.2753/REE1540-496X500305 Derechos de autor 2016 Panorama Económico Journal https://creativecommons.org/licenses/by-nc-sa/4.0 |
| spellingShingle | Rojas Mora, Jaime Chamorro Futinico, Julio Cesar Dynamics and volatility at stock market indexes of Pacific Alliance countries. |
| title | Dynamics and volatility at stock market indexes of Pacific Alliance countries. |
| title_full | Dynamics and volatility at stock market indexes of Pacific Alliance countries. |
| title_fullStr | Dynamics and volatility at stock market indexes of Pacific Alliance countries. |
| title_full_unstemmed | Dynamics and volatility at stock market indexes of Pacific Alliance countries. |
| title_short | Dynamics and volatility at stock market indexes of Pacific Alliance countries. |
| title_sort | dynamics and volatility at stock market indexes of pacific alliance countries. |
| url | https://revistas.unicartagena.edu.co/index.php/panoramaeconomico/article/view/1550 |