<?xml version="1.0" encoding="ISO-8859-1"?><article xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
<front>
<journal-meta>
<journal-id>2448-6655</journal-id>
<journal-title><![CDATA[Análisis económico]]></journal-title>
<abbrev-journal-title><![CDATA[Anál. econ.]]></abbrev-journal-title>
<issn>2448-6655</issn>
<publisher>
<publisher-name><![CDATA[Universidad Autónoma Metropolitana, Unidad Azcapotzalco, División de Ciencias Sociales y Humanidades]]></publisher-name>
</publisher>
</journal-meta>
<article-meta>
<article-id>S2448-66552019000300009</article-id>
<title-group>
<article-title xml:lang="es"><![CDATA[La integración financiera de la región del TLCAN: un análisis de los mercados monetarios, cambiarios y bursátiles]]></article-title>
<article-title xml:lang="en"><![CDATA[Financial market integration in the NAFTA region: An Analysis of the money, currency and stock markets]]></article-title>
</title-group>
<contrib-group>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Ruíz-Porras]]></surname>
<given-names><![CDATA[Antonio]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Anguiano-Pita]]></surname>
<given-names><![CDATA[Javier Emmanuel]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
</contrib-group>
<aff id="Af1">
<institution><![CDATA[,Universidad de Guadalajara Departamento de Métodos Cuantitativos ]]></institution>
<addr-line><![CDATA[Zapopan Jalisco]]></addr-line>
<country>Mexico</country>
</aff>
<aff id="Af2">
<institution><![CDATA[,Universidad de Guadalajara Centro Universitario de Ciencias Económico Administrativas ]]></institution>
<addr-line><![CDATA[Zapopan Jalisco]]></addr-line>
<country>Mexico</country>
</aff>
<pub-date pub-type="pub">
<day>00</day>
<month>12</month>
<year>2019</year>
</pub-date>
<pub-date pub-type="epub">
<day>00</day>
<month>12</month>
<year>2019</year>
</pub-date>
<volume>34</volume>
<numero>87</numero>
<fpage>9</fpage>
<lpage>40</lpage>
<copyright-statement/>
<copyright-year/>
<self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_arttext&amp;pid=S2448-66552019000300009&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_abstract&amp;pid=S2448-66552019000300009&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_pdf&amp;pid=S2448-66552019000300009&amp;lng=en&amp;nrm=iso"></self-uri><abstract abstract-type="short" xml:lang="es"><p><![CDATA[Resumen: Estudiamos la integración de los mercados monetarios, cambiarios y bursátiles de la región del TLCAN. Se utilizan pruebas de raíces unitarias y de cambio estructural endógeno y correlaciones dinámicas. Los resultados muestran que: 1) los procesos de integración financiera han sido inestables en la región; 2) todos los mercados experimentaron cambios estructurales; 3) no necesariamente hay procesos hacia la integración de los mercados; y, 4) los procesos de integración financiera han sido heterogéneos en los mercados y en los países. Se usan series representativas de los mercados financieros para el período de enero de 1995 a enero de 2019.]]></p></abstract>
<abstract abstract-type="short" xml:lang="en"><p><![CDATA[Abstract: We study the integration of the money, currency and stock markets of the nafta region. The study uses unit-root and endogenous structural change tests and dynamic correlations. The results show that: 1) The financial integration processes have been unstable in the region; 2) all the markets experienced structural changes; 3) there are not necessarily processes toward the integration of the markets; and, 4) financial integration processes have been heterogeneous among the markets and the countries. We use monthly series representative of the financial markets for the period from January 1995 to January 2019.]]></p></abstract>
<kwd-group>
<kwd lng="es"><![CDATA[TLCAN]]></kwd>
<kwd lng="es"><![CDATA[integración financiera]]></kwd>
<kwd lng="es"><![CDATA[mercados financieros]]></kwd>
<kwd lng="es"><![CDATA[correlaciones dinámicas]]></kwd>
<kwd lng="es"><![CDATA[cambio estructural endógeno]]></kwd>
<kwd lng="en"><![CDATA[NAFTA]]></kwd>
<kwd lng="en"><![CDATA[Financial integration]]></kwd>
<kwd lng="en"><![CDATA[Financial markets]]></kwd>
<kwd lng="en"><![CDATA[Dynamic correlations]]></kwd>
<kwd lng="en"><![CDATA[En- dogenous structural change]]></kwd>
</kwd-group>
</article-meta>
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