Hedge fund performance has collapsed while the financial crisis has been worsening. Indeed, hedge funds are part of the shadow banking system that is at the heart of the crisis. They embody all the weaknesses that have engineered the mess: excess leverage, opaque activities, illusory alpha,...

In this article, we analyse various issues linked to the quotation of European professional football clubs on a stock exchange. An empirical study of the Dow Jones Stoxx Football index exhibits a high volatility of returns and share prices regarding a sample of floated clubs as well as an...

Since the demise of the Bretton Woods monetary order the IMS has been deprived of common rules. The dollar has kept its dominant international currency status within a patchwork of exchange rate regimes that the countries have chosen, depending on the opening of their financial systems. The IMS...