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ABSTRACT Previous results show relatively small amounts of time variation in the Hasbrouck (1995) information share across international markets. Using data from a security that was cross-listed on the New York and London Stock Exchanges in the 1860s, we find that the information share changes dramatically during a financial crisis that began in the foreign market. [ABSTRACT FROM AUTHOR]

Using a large cross section of intraday data from 25 developed countries, we study commonality in liquidity, both within and across international equity markets, over 15-minute intervals. Within-country and cross-border liquidity commonalities are found to be significant and, after controlling for country and industry effects, relate to such firm-specific measures as size, bid–ask spread, and the extent of analyst coverage. Additionally, within-country liquidity commonality is lower for firms with depository receipts cross listed in New York or London. Cross-border liquidity commonality is particularly high for firms with relatively high actual ownership by foreign institutions. © 2009 Wiley Periodicals, Inc. Jrl Fut Mark 29:630–652, 2009 [ABSTRACT FROM AUTHOR]

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During the 1980s two global cities New York City and London, England have shown a remarkable convergence in public policy and development patterns. The article analyzes the linkage between the pressures of world economic transformation, on the one hand and political and ideological forces on the other in determining the character of development in these two cities. London and New York are a particularly useful source for comparative study because their common attributes permit the identification of a limited number of variables to explain their differences. They both developed as great ports, their roles as centers of international trade and the requirements for financing that trade, caused them to become the locations of the world's most important financial markets. Each has been the financial capital of a dominant global economic power, and each faces increased competition from other world centers. It is further observed that the governments of New York City and London opted for the route of minimal planning, dampened participation and market distribution. These policies have contributed to highly uneven development, severe shortages of affordable housing, congestion and environmental deterioration.

Compares methadone maintenance programs (MMP) in New York City and drug treatment centers (DTC) in London, England. Treatment of opiate addiction; Legal and moral restrictions which limit the treatment alternatives available to U.S. doctors and MMP administrators; Chemotherapy model followed in DTC and MMP.