Resumen

RODRIGUEZ BENAVIDES, Domingo. Contagion between the United States and latinamerican stock markets: The case of the financial crisis of 2008. Contad. Adm [online]. 2020, vol.65, n.2, 00002.  Epub 09-Dic-2020. ISSN 0186-1042.  https://doi.org/10.22201/fca.24488410e.2018.1628.

In this paper we use the financial contagion test suggested by Hatemi and Hacker (2005) in order to test the hypothesis of contagion in the main equity markets of Latin America by the US equity markets in the subprime crisis. This test is based on the bootstrapping method, which is considered robust to the absence of normality and increasing volatility (heteroskedasticity), characteristics inherent to financial markets, particularly during periods of crisis. The results show evidence of financial contagion in the subprime crisis of 2008 from the main US stock indices to some of the main financial markets in Latin America.

Palabras llave : F36; G15; C22; Financial contagion; Beta; Bootstrap method.