%0 Journal Article 
%T Comprobación de la eficiencia débil en los principales mercados financieros latinamericanos
%D 2014
%@ 01235923
%U http://www.icesi.edu.co/revistas/index.php/estudios_gerenciales/article/view/1889
%X This paper aims to test weak-form efficiency in the top five Latin American stock markets, using two
approaches. Firstly, by evaluating the normality of the series using basic statistics, then by using the
Jarque-Bera test and Chi-Square goodness of fit test, contrasting the RW1 (Runs test and BDS test), RW2
(Alexander filters with genetic algorithms) and RW3 (Ljung-Box test and Bartlett Interval) of the random
walk (RW) of the assets. It was found that the five major Latin American economies studied have
experienced a change from non-efficiency to market efficiency in recent years, according to the following
chronological order: Mexico (2007), Brazil (2008), Colombia (2008), Chile (2011) and Peru (2012).
%K Facultad de Ciencias Administrativas y Económicas
%K Producción intelectual registrada - Universidad Icesi
%K Mercado bursatil
%K Eficiencia
%K mercado
%K Efficient-market hypothesis
%K Random walk
%K Stock market
%~ GOEDOC, SUB GOETTINGEN