Latin American markets were hit by 2010 US ‘flash crash’, DNB paper finds
The US “flash crash” of May 2010 caused similar falls in equities in Latin America, a working paper published by the Netherlands Bank finds.
In The international spillovers of the 2010 US flash crash, David-Jan Jansen examines “minute-by-minute data” for 148 firms trading equities on exchanges in Argentina, Brazil, Chile and Mexico.
The author finds that there were price falls “of up to 10% within minutes after the US crash” on May 6 that year. In addition, “market volatility increased, bid
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