This thesis first presents India’s economy and financial system’s recent history and current issues. Then, with an emphasis on the recent turmoil period, it studies the question of financial integration in various markets: equity markets are dealt with in the 1st chapter, CDS spreads are...

Central Banker’s Behaviour in an Uncertain EnvironmentSeveral recent papers are devoted to the examination of the central banker’s behaviour in an uncertain economic environment. This paper proposes, from a central banker’s point of view, a synthesis of the main sources of uncertainty as...

This doctoral thesis develops regime-switching models of the term structure of interest rates. A general framework is proposed to model the joint dynamics of yield curves associated with different debtors (Chapter 2). This framework is exploited to analyse the fluctuations of ten euro-area...