The Latin American Integrated Market (MILA) is the most important integration process experienced by the stock exchanges in Chile, Peru, Colombia and Mexico, and the financial depth of these countries is expected to increase. But one aspect not analyzed is whether this process has impacted on a fundamental parameter for the financial development of the four countries: the volatility of returns. The study seeks to cover this need through a GARCH-MIDAS analysis of the return of the MILA stock indexes, which will allow identifying which economic, financial and institutional factors affect the volatility of the short and long term stock exchanges. of integration on MILA exchanges: an analysis of short and long term volatilities.
|Effective start/end date||1/04/19 → 31/03/20|
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