This article investigates the impact of US stock market openings on linkages between the UK and French markets. Using intraday data over the period December 2004 to March 2009, we find significant time-varying dependence between the UK and French stock returns, which alter according to the state...

The subprime crisis, which proved devastating for the hedge fund industry, induced significant losses for investors who ploughed into absolute return funds. In such a context, investigating the opacity surrounding the hedge fund industry and its prohibitive fee structure is of real interest as,...

This article discusses some of the highly topical issues linked to financial crises, bank losses and audit. In addition to a theoretical discussion of the recent bank losses and financial turmoil, our analysis of a 10-question questionnaire indicates, as in the work of Stonham (1996), strong...

This article aims at estimating money demand for the euro area, the United States and the United Kingdom using a Dynamic Ordinary Least Squares (DOLS) estimator. Our findings show that (1) wealth effects on money demand are important in the euro area and the United Kingdom; (2) the impact of...

This article investigates the short-term dynamics of public debts in the United States and the United Kingdom over more than four decades. We check for structural changes in the data and assess nonlinearity and switching-regime hypotheses using several linearity tests. Our findings point to...

This article aims to study the issue of short- and long-term stock market integration in two of Latin America's biggest emerging economies - Mexico and Argentina - with the US stock market using multivariate cointegration tools. Our study covers a period of two decades and shows strong evidence...