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The impact of oil price shocks on latin american stock markets: a behavioral approach

Author

Listed:
  • Paulo F. Marschner

    (Federal University of Santa Maria)

  • Paulo Sergio Ceretta

    (Federal University of Santa Maria)

Abstract

We analyzed the impact of oil price shocks on the stock returns in Latin American stock markets. We found an asymmetric relationship and showed that oil price exposures are homogeneous in these markets. Our results confirm the intuitive idea that the asymmetry between the oil price and the stock returns may be related to behavioral aspects.

Suggested Citation

  • Paulo F. Marschner & Paulo Sergio Ceretta, 2021. "The impact of oil price shocks on latin american stock markets: a behavioral approach," Economics Bulletin, AccessEcon, vol. 41(2), pages 457-467.
    • Handle: RePEc:ebl:ecbull:eb-20-00762
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    References listed on IDEAS

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    More about this item

    Keywords

    Oil Price; Stock Market; Behavioral Finance; Emerging Markets;
    All these keywords.

    JEL classification:

    • Q4 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy

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