Researcher ORCID Identifier

Graduation Year


Date of Submission


Document Type

Campus Only Senior Thesis

Degree Name

Bachelor of Arts



Reader 1

Angela Vossmeyer


Modeling the U.S.’s, Canada’s and several Latin American countries’ market index returns with an auto-regressive time series model estimated by equation-by-equation OLS, this paper focuses on the significant estimate coefficients which represent the influence that the countries modeled have over each other across various subperiods throughout the past two decades. The countries in the American continent have experienced many historical economic shocks, most being worldwide events, which have changed their economic relations and support. Focusing on Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States and Uruguay, I find that overall, most countries tend to be independent but do have periods of time where they develop an interdependence with another countries index returns. In addition, Colombia is consistently influenced by others and the United States does not have as big of an impact over others as one would intuitively expect.

This thesis is restricted to the Claremont Colleges current faculty, students, and staff.