The present global crisis began in 2007 in the USA. It affected all economies of the world during 2008-2010. Our research deals with the idea of a new paradigm for the European cohesion policy in order to limit and to decrease the regional disparities across the Member States. The paper uses the...

In this paper, we analyze the dynamic relationships between ten stock exchanges of the euro zone using Granger causal networks. Using returns for which we allow the variance to follow a Markov-Switching GARCH or a Changing-Point GARCH, we first show that over different periods, the topology of...