The globalizations of capital markets in the last 20 years has led to a historic degree of financial integration in the world. It is clear, however, that globalization is not conducive to a complete homogeneity of financial markets and institutions. Among others, one element of diversity is the...

The tri-linear PLS2 iterative procedure, an algorithm pertaining to the NIPALS framework, is considered. It was previously proposed as a first stage to estimate parameters of the multi-way PLS regression method. It is shown that the tri-linear PLS2 procedure is convergent. The procedure...