ANALYSIS OF SPATIAL DEPENDENCE BETWEEN STOCK INDICES ANÁLISIS DE LA DEPENDENCIA ESPACIAL ENTRE ÍNDICES BURSÁTILES Carlos Acuña, Catalina Bolancé, Salvador Torra Artículo en Anales del Instituto de Actuarios Españoles 2018 Abstract We discuss the benefits of using neighbourhood relations between stock markets based on time criteria, such as the time differences between countries and the simultaneous opening hours between markets, when they are compared with the distance in kilometres o...