<?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>1665-5346</journal-id>
<journal-title><![CDATA[Revista mexicana de economía y finanzas]]></journal-title>
<abbrev-journal-title><![CDATA[Rev. mex. econ. finanz]]></abbrev-journal-title>
<issn>1665-5346</issn>
<publisher>
<publisher-name><![CDATA[Instituto Mexicano de Ejecutivos de Finanzas A.C.]]></publisher-name>
</publisher>
</journal-meta>
<article-meta>
<article-id>S1665-53462021000300005</article-id>
<article-id pub-id-type="doi">10.21919/remef.v16i3.632</article-id>
<title-group>
<article-title xml:lang="en"><![CDATA[COVID-19 Pandemic Initial Effects on the Idiosyncratic Risk in Latin America]]></article-title>
<article-title xml:lang="es"><![CDATA[Efectos iniciales de la Pandemia por COVID-19 sobre el riesgo idiosincrático en América Latina]]></article-title>
</title-group>
<contrib-group>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Assis de Salles]]></surname>
<given-names><![CDATA[Andre]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
</contrib-group>
<aff id="Af1">
<institution><![CDATA[,Federal University of Rio de Janeiro  ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>Brazil</country>
</aff>
<pub-date pub-type="pub">
<day>00</day>
<month>09</month>
<year>2021</year>
</pub-date>
<pub-date pub-type="epub">
<day>00</day>
<month>09</month>
<year>2021</year>
</pub-date>
<volume>16</volume>
<numero>3</numero>
<copyright-statement/>
<copyright-year/>
<self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_arttext&amp;pid=S1665-53462021000300005&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_abstract&amp;pid=S1665-53462021000300005&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_pdf&amp;pid=S1665-53462021000300005&amp;lng=en&amp;nrm=iso"></self-uri><abstract abstract-type="short" xml:lang="en"><p><![CDATA[Abstract This work aims to estimate the idiosyncratic risk of Latin American economies and emerging economies using heteroscedastic conditional models to verify the impact of the Covid-19 pandemic on the risk associated with productive projects. The methodology used is based on the portfolio theory to estimate the idiosyncratic risk. The results highlight that Latin American economies are more susceptible to sanitary crises, such as the current pandemic, than emerging economies. The inability of emerging countries to generate the necessary savings to provide for their development imposes the need to attract resources for project financing and investment. Thus, determining the specific risk of Latin American countries is fundamental for international investors giving them another parameter when deciding on investment or financing on the continent. Originally, this work demonstrates how the sanitary crisis deriving from the Covid-19 pandemic affected the idiosyncratic or specific risk of Latin American economies using their capital market indicators. This study contributes to the assessment of Latin American economies specific risk or country risk at the beginning of the pandemic.]]></p></abstract>
<abstract abstract-type="short" xml:lang="es"><p><![CDATA[Resumen Este trabajo tiene como objetivo estimar el riesgo idiosincrásico de las economías latinoamericanas y las economías emergentes utilizando modelos condicionales heterocedásticos para verificar el impacto de la pandemia Covid-19 sobre el riesgo asociado a los proyectos productivos. La metodología utilizada se basa en la teoría de la cartera para estimar el riesgo idiosincrásico. Los resultados destacan que las economías latinoamericanas son más susceptibles a crisis sanitarias que las economías emergentes. La incapacidad de los países emergentes para generar los ahorros necesarios para su desarrollo, impone la necesidad de atraer recursos para la financiación e inversión de proyectos. Así, determinar el riesgo específico de los países latinoamericanos es fundamental para los inversores internacionales dándoles un parámetro más a la hora de decidir sobre inversión o financiación en el continente. De manera original, este trabajo demuestra cómo la crisis derivada de la pandemia Covid-19 afectó el riesgo idiosincrásico o específico de las economías latinoamericanas utilizando sus indicadores del mercado de capitales. Este estudio contribuye a la evaluación del riesgo específico o riesgo país de las economías latinoamericanas al inicio de la pandemia.]]></p></abstract>
<kwd-group>
<kwd lng="en"><![CDATA[Covid-19 Pandemic]]></kwd>
<kwd lng="en"><![CDATA[Idiosyncratic Risk]]></kwd>
<kwd lng="en"><![CDATA[Latin American Economy]]></kwd>
<kwd lng="es"><![CDATA[Covid-19]]></kwd>
<kwd lng="es"><![CDATA[Riesgo Idiosincrásico]]></kwd>
<kwd lng="es"><![CDATA[Economías Latinoamericanas]]></kwd>
</kwd-group>
</article-meta>
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<publisher-name><![CDATA[South-Western Pub]]></publisher-name>
</nlm-citation>
</ref>
<ref id="B30">
<nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Zeren]]></surname>
<given-names><![CDATA[F.]]></given-names>
</name>
<name>
<surname><![CDATA[Hizarci]]></surname>
<given-names><![CDATA[A.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[The Impact of COVID-19 Coronavirus on Stock Markets: Evidence from Selected Countries]]></article-title>
<source><![CDATA[Bulletin of Accounting and Finance Reviews]]></source>
<year>2020</year>
<volume>3</volume>
<page-range>78-84</page-range></nlm-citation>
</ref>
</ref-list>
</back>
</article>
