It is necessary to resolve the spill-over
volatility of agricultural commodities for at least two reasons. Second, the
volatility of the prices of agricultural commodities seems to have risen over
the last few years. Second, there is a clear need to consider, according to the
Food and Agriculture Organization, the possible negative) effects of food
instability on food security. The goal of this paper is to investigate the
existence, size and persistence of spillovers of volatility between five stock
market indexes for agricultural commodities (maize, sugar, wheat, soybean and
bioethanol) and five stock market indexes for Latin America (Argentina, Brazil,
Chile, Colombia, Peru). A spillover index (and thus the direction), the key
sources, and the recipients of the spillovers can be established. It was the periods,
that is: corn 
Chile, corn Colombia, and corn Peru; sugar Colombia and sugar Peru; and, finally, wheat Chile and wheat Peru. Overall, Latin American stock market
volatility continues to grow when a negative shock reaches the commodity
market. For example, this happens with the relationships between maize and
Chile and Colombia, and from wheat to Peru and Chile.
Author (s) Details
V.
Candila
MEMOTEF
Department, Sapienza University of Rome, Italy.
S. Farace
Dipartimento
di Scienze Giuridiche and CELPE, University of Salerno, Italy.
View Book :- https://bp.bookpi.org/index.php/bpi/catalog/book/324
No comments:
Post a Comment