Serviços Personalizados
Journal
Artigo
Indicadores
Citado por SciELO
Acessos
Links relacionados
Similares em SciELO
Compartilhar
Análisis económico
versão On-line ISSN 2448-6655versão impressa ISSN 0185-3937
Resumo
RUIZ-PORRAS, Antonio e ANGUIANO-PITA, Javier Emmanuel. Financial market integration in the NAFTA region: An Analysis of the money, currency and stock markets. Anál. econ. [online]. 2019, vol.34, n.87, pp.9-40. Epub 13-Nov-2020. ISSN 2448-6655.
We study the integration of the money, currency and stock markets of the nafta region. The study uses unit-root and endogenous structural change tests and dynamic correlations. The results show that: 1) The financial integration processes have been unstable in the region; 2) all the markets experienced structural changes; 3) there are not necessarily processes toward the integration of the markets; and, 4) financial integration processes have been heterogeneous among the markets and the countries. We use monthly series representative of the financial markets for the period from January 1995 to January 2019.
Palavras-chave : NAFTA; Financial integration; Financial markets; Dynamic correlations; En- dogenous structural change.