<?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>2448-718X</journal-id>
<journal-title><![CDATA[El trimestre económico]]></journal-title>
<abbrev-journal-title><![CDATA[El trimestre econ]]></abbrev-journal-title>
<issn>2448-718X</issn>
<publisher>
<publisher-name><![CDATA[Fondo de Cultura Económica]]></publisher-name>
</publisher>
</journal-meta>
<article-meta>
<article-id>S2448-718X2013000100169</article-id>
<title-group>
<article-title xml:lang="es"><![CDATA[Medición de contagio e interdependencia financieros mediante cópulas y eventos extremos en los países de la América Latina]]></article-title>
</title-group>
<contrib-group>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Chirinos G.]]></surname>
<given-names><![CDATA[Miguel]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
</contrib-group>
<aff id="Af1">
<institution><![CDATA[,Universidad Nacional Mayor de San Marcos  ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>Peru</country>
</aff>
<pub-date pub-type="pub">
<day>00</day>
<month>03</month>
<year>2013</year>
</pub-date>
<pub-date pub-type="epub">
<day>00</day>
<month>03</month>
<year>2013</year>
</pub-date>
<volume>80</volume>
<numero>317</numero>
<fpage>169</fpage>
<lpage>206</lpage>
<copyright-statement/>
<copyright-year/>
<self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_arttext&amp;pid=S2448-718X2013000100169&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_abstract&amp;pid=S2448-718X2013000100169&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_pdf&amp;pid=S2448-718X2013000100169&amp;lng=en&amp;nrm=iso"></self-uri><abstract abstract-type="short" xml:lang="es"><p><![CDATA[Resumen: En este artículo se mide la interrelación y trasmisión de choques que existe entre los mercados financieros de la América Latina. El indicador más utilizado ha sido el coeficiente de correlación; el principal problema de éste es que no es robusto a la heteroscedasticidad. En el trabajo empírico, muchos autores definen la mutua dependencia según el indicador y los objetivos que esperan alcanzar. Nuestro trabajo propone las cópulas y los eventos extremos como mediciones de la mutua (inter) dependencia de los mercados; estos indicadores presentan ventajas, tanto para la diversificación como del valor en riesgo (VR) de la cartera, frente al coeficiente de correlación cuando es utilizado para los fines mencionados.]]></p></abstract>
<abstract abstract-type="short" xml:lang="en"><p><![CDATA[Abstract: This paper measures the interdependency and transmission of shocks between a sample of financial markets in Latin American. Our results favor the use of copulas and extreme events theory for the computation of mutual (inter) dependence of markets. We show that these techniques provide more accurate measurements in portfolio diversification and Value-at-Risk calculations, vis-à-vis the use of correlation coefficients, which stand as the most popular instrument used in the literature.]]></p></abstract>
<kwd-group>
<kwd lng="es"><![CDATA[cópulas]]></kwd>
<kwd lng="es"><![CDATA[correlación]]></kwd>
<kwd lng="es"><![CDATA[eventos extremos]]></kwd>
<kwd lng="es"><![CDATA[interdependencia]]></kwd>
<kwd lng="es"><![CDATA[contagio]]></kwd>
</kwd-group>
</article-meta>
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