Abstract
Although the equity markets of the developed and developing world have been plagued by the vagaries of financial flows and the threat of contagion since the collapse of Lehman Brothers, the commodity-based economies of Brazil and Australia exhibit limited evidence of this. Rather than disrupting relations, financial information appears to be absorbed by equity market in an efficient manner, reflecting time-zone delays.
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Notes
- 1.
So, for example, one would expect variance at periodicies of between 6–10 years would account for a high proportion of the variance in GDP growth.
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Gray, D., McManus, J. (2014). The Commodity Exporting Country A Spectral Analysis of Brazilian and Australian Equity Markets. In: Mago, V., Dabbaghian, V. (eds) Computational Models of Complex Systems. Intelligent Systems Reference Library, vol 53. Springer, Cham. https://doi.org/10.1007/978-3-319-01285-8_3
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