<?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>S1665-53462021000300004</article-id>
<article-id pub-id-type="doi">10.21919/remef.v16i3.605</article-id>
<title-group>
<article-title xml:lang="es"><![CDATA[Volatilidad y COVID-19: evidencia empírica internacional]]></article-title>
<article-title xml:lang="en"><![CDATA[Volatility and COVID-19: international empirical evidence]]></article-title>
</title-group>
<contrib-group>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Gómez Rodríguez]]></surname>
<given-names><![CDATA[Tomás]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Ríos Bolívar]]></surname>
<given-names><![CDATA[Humberto]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Zambrano Reyes]]></surname>
<given-names><![CDATA[Adriana]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
</contrib-group>
<aff id="Af1">
<institution><![CDATA[,Universidad Autónoma del Estado de Hidalgo  ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>Mexico</country>
</aff>
<aff id="Af2">
<institution><![CDATA[,Instituto Politécnico Nacional  ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>Mexico</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=S1665-53462021000300004&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_abstract&amp;pid=S1665-53462021000300004&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_pdf&amp;pid=S1665-53462021000300004&amp;lng=en&amp;nrm=iso"></self-uri><abstract abstract-type="short" xml:lang="es"><p><![CDATA[Resumen Se estudió la relación entre los efectos de la pandemia de COVID-19 y la volatilidad realizada. Además, se analizó el posible nexo entre las medidas de mitigación y contención adoptadas por los gobiernos y la volatilidad realizada. El período de estudio abarca del 2 de febrero de 2020 al 28 de agosto del mismo año. Este período a su vez se dividió en catorce muestras dos para cada mes, lo que dio origen a los catorce paneles no balanceados usados en las estimaciones. El método de estimación utilizado es Mínimos Cuadrados Ordinarios con efectos fijos de dos vías y el método de Mínimos Cuadrados Generalizados Estimados (EGLS) con efectos aleatorios de una vía (período). Se utilizaron datos de volatilidad realizada de sesenta y cinco de los principales índices bursátiles. Los resultados exhiben evidencia que apoya la existencia de una relación estadística significativa entre las medidas de contención y mitigación y la volatilidad realizada, principalmente en los meses de febrero y marzo, sin embargo, no se encontró uniformidad en los resultados. Por otro lado, no se encontró evidencia suficiente a favor de la existencia de una relación positiva entre los efectos de la pandemia COVID-19 y la volatilidad realizada.]]></p></abstract>
<abstract abstract-type="short" xml:lang="en"><p><![CDATA[Abstract The relationship between the effects of the COVID-19 pandemic and realized volatility was studied. In addition, the possible link between mitigation and containment measures adopted by governments and realized volatility was analyzed. The study period covers February 2, 2020 to August 28, 2020. This period in turn was divided into fourteen samples, two for each month, which gave rise to the fourteen unbalanced panels used in the estimations. The estimation method used is Ordinary Least Squares with two-way fixed effects and the Estimated Generalized Least Squares (EGLS) method with one-way random effects (period). Realized volatility data from sixty-five major stock market indexes were used. The results show evidence that supports the existence of a significant statistical relationship between containment and mitigation measures and realized volatility, mainly in the months of February and March; however, no uniformity was found in the results. On the other hand, not enough evidence was found in favor of the existence of a positive relationship between the effects of the COVID-19 pandemic and realized volatility.]]></p></abstract>
<kwd-group>
<kwd lng="es"><![CDATA[Sistema Financiero]]></kwd>
<kwd lng="es"><![CDATA[panel de datos]]></kwd>
<kwd lng="es"><![CDATA[volatilidad en los mercados accionarios]]></kwd>
<kwd lng="es"><![CDATA[COVID-19]]></kwd>
<kwd lng="es"><![CDATA[medidas de contención y mitigación]]></kwd>
<kwd lng="en"><![CDATA[Financial System]]></kwd>
<kwd lng="en"><![CDATA[panel data]]></kwd>
<kwd lng="en"><![CDATA[stock market volatility]]></kwd>
<kwd lng="en"><![CDATA[COVID-19]]></kwd>
<kwd lng="en"><![CDATA[containment and mitigation measures]]></kwd>
</kwd-group>
</article-meta>
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