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A test of the market efficiency of the Integrated Latin American Market (MILA) index in relation to changes in the price of oil

Hernández Gamarra, Katerin; Sarmiento Sabogal, Julio Alejandro; Cayón Fallon, Edgardo (Econjournals, 2015-04-16)

The purpose of this paper is to study if there is a Granger causality relationship between the price of oil and the prices of the stocks that compose the Integrated Latin American Market (MILA) Index. Our analysis found ...