THE EFFECTS OF INFORMATION ON STOCK INDEXES: THE CONTAGION OF THE 2007/2008 CRISIS FROM THE CORE COUNTRIES TO THE PERIPHERY, EL EFECTO DE LA INFORMACION SOBRE LOS INDICES BURSATILES: LA TRANSFERENCIA DE LA CRISIS 2007/2008 DE LOS PAISES CENTRALES A LA PERIFERIA

Juan Carlos Alonso, Mario Luis Perossa, Pablo Waldman and Santiago Gigler

Revista Internacional Administracion & Finanzas, 2017, vol. 10, issue 2, 41-52

Abstract: The impact of economic information on global markets puts pressure on prices of various assets. The imact occurs increasingly fast and an effect is realized in other markets. In the present study we analyzed the effects of the 2007/08 crisis originating in the US and its impact on the world. We found that stock markets of France, Spain, Japan, Chile, México and Argentina are highly correlated with the New York Stock Exchange. This occurred mainly in 2008, when the effects of the crisis were more pronounced

Keywords: Effects of Information; Stock Indexes; Perfect Information; Available Information; Spread of Information (search for similar items in EconPapers)
JEL-codes: F62 F65 G13 G14 (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:ibf:riafin:v:10:y:2017:i:2:p:41-52

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