Depuis le milieu des années 60, les écarts de production par habitant se sont creusés entre la Flandre et la Wallonie et les observations ne laissent pas augurer une convergence à moyen terme. Pour mieux comprendre ce phénomène, cet ouvrage rassemble, en quatre parties, quatorze...

This paper investigates the impact of trade and financial liberalisation on the degree of stock market co-movement among emerging economies. Using a sample of 25 developing countries observed over 15 years, we estimate the impact of reforms aimed at opening these countries through trade and...

In this paper, we test for linear and nonlinear Granger causality between the French, German, Japanese, UK and US daily stock index returns from 1973 to 2003. We find a strong contemporaneous linear dependence between European countries and a directional linear dependence from the US towards the...