Financial Contagion in Latin America

Borradores de Economia
Número: 
884
Publicado: 
Clasificación JEL: 
G01, G15, C32
Palabras clave: 
financial contagion, Financial crises, Multivariate GARCH Models

Lo más reciente

Oscar Iván Ávila-Montealegre, Juan José Ospina-Tejeiro, Anderson Grajales, Mario Andrés Ramos-Veloza
Mario Andrés Ramos-Veloza, Sara Naranjo-Saldarriaga, José Pulido

This study uses a Dynamic Conditional Correlation multivariate GARCH approach for testing for contagion among Latin American financial markets to shocks originated in the United States and Europe. Using daily data on stock market returns for the period co