Stock market integration in Mexico and Argentina: are short- and long-term considerations different?
Fredj Jawadi (),
Mohamed Arouri () and
Duc Khuong Nguyen
Applied Economics Letters, 2010, vol. 17, issue 15, 1503-1507
This article aims to study the issue of short- and long-term stock market integration in two of Latin America's biggest emerging economies - Mexico and Argentina - with the US stock market using multivariate cointegration tools. Our study covers a period of two decades and shows strong evidence of Argentina and Mexico's short-term financial dependence on the US market. However, our results show no long-term linkages between the markets studied, indicating that Mexican and Argentinean stock markets are governed more by their fundamentals in the long term.
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