The commodity exporting country: a spectral analysis of Brazilian and Australian equity markets

Although the equity markets of the developed and developing world have been plagued by the vagaries of financial flows and the threat of contagion since the collapse of Lehman Brothers, the commodity-based economies of Brazil and Australia exhibit limited evidence of this. Rather than disrupting relations, financial information appears to be absorbed by equity market in an efficient manner, reflecting time-zone delays. © Springer International Publishing Switzerland 2014