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Today the issues are quite different: professionalism v the market, interdependence v nationalism, and community responsibility v self interest".
Hence, it is possible that culture similarities may also link international housing market co-movements in a manner similar to capital market interdependence.
The idea was simple: Of creating practical, market interdependence - starting with the modest European Coal and Steel Community, right after the most ghastly war the world has ever known - to tie all of us former enemies together so strongly, economically and culturally, that if we attack others in the group we hurt ourselves, cut off our nose to spite our own face.
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This pattern is more significant for developed markets; however, the interdependence between the stock markets and the long-term government bond markets becomes positive for most countries during crisis periods.
Considering that a great number of investors take different positions in different financial markets, this should increase the interdependence across financial markets.
This paper explores the interdependence between market structure and an important class of cognitive biases.
The growing interdependence of markets and nations, producers and consumers of biofuels, has led actors to seek and devise mechanisms intended to develop the sector.
Theoretically, there are four types of interdependence between a stock market and bond market that exist in the same country.
Therefore, any interdependence between the stock market and the bond market is more important and significant than that between some other markets.
The fourth paper, "Interdependence between the stock market and the bond market in one country: evidence from the subprime crisis and the European debt crisis", by Ke Cheng and Xiaoguang Yang, analyzes the interdependence between the stock market and the government bond market during the crisis periods with 39 countries used as samples.
Peres also told us that he is passionate about investing in Muslim-run startups because he not only sees opportunity in the large middle eastern market, but hopes that economic interdependence can help with the region's peacemaking efforts.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com