The understanding of the mechanism determining exchange rates is still an unsolved puzzle in the field of international economics. In the search for the underlying causes of the failure of existing approaches to explain a large proportion of short term exchange rate movements, our review of methodology literature revealed that a significant number of scholars consider the methodological approach employed by mainstream economics as a main cause for the disappointing result of established approaches. In particular, the excessive use of formal modelling and quantitative data as well as the use of oversimplified assumptions has been criticized. In response to this critique we chose to use a more pluralistic approach in our research methodology by employing both qualitative as well as quantitative data analysis. For the analysis of qualitative data, we employed an approach based on grounded theory principles, where we analyze Reuters Foreign exchange market reports. The findings of the qualitative data analysis show that, based on market practitioners commentary, there are two predominant variables affecting exchange rates. First, expectations on interest rate changes appears to be a major variable affecting currency value. An upward revision of interest rate expectations usually suggests an increase in the value of the currency concerned and vice versa. Second major variable affecting exchange rates appear to be global equity returns. In contrast to interest rates, which is a country specific variable, global equity returns is a global variable affecting currencies based on their relative interest rate levels and safe haven attributes. In particular, it is suggested that higher yielding currencies’ value is positive related to global equity returns, while low/lower yielding and safe haven currencies’ value is negatively related to global equity returns. The empirical test we performed to explore the relationship between exchange rates and global equity returns suggest that they are indeed linked. The sign of the relationship depends on the characteristics of the currencies examined. When equity prices increase, currencies with higher interest rates tend to appreciate, whereas currencies with lower interest rates tend to depreciate and vice versa. In addition, the strength of the relationship depends to some extent on relative interest differentials. A stronger relationship is observed when interest differentials are relatively large, while the explanatory power of the model is reduced when interest rate differentials are relatively narrow. Our study presents evidence on the role of stock markets in exchange rate determination which is considerable different to the focus of current theory. Whereas current research focuses on stock market’s relative stock market returns in the respective countries, the findings of this thesis suggests that global stock market returns affect exchange rate movements based on differentiated characteristics of different currencies. Another important contribution of this thesis is that we illustrate the complexity of interactions and links among different variables. For example, whereas interest changes were seen as positively correlated to the home currency value, the relationship was seen as being reversed because of the possible effect of higher interest rates on the subprime crisis. Another example of complex links is the relationship between exchange rates and equity markets. For example, whereas the USD effective exchange rate was not related equity returns during the initial stages of the subprime crises, the strength of the relationship increased significantly when the crisis escalated and the demand for USD increased due to safe haven flows.

Mémoire numérisé par la Direction des bibliothèques de l'Université de Montréal.

Denna uppsats har som syfte att ta reda på hur kvinnors sexualiteter konstrueras i TV-serien Orange Is the New Black i förhållande till begrepp som behandlar heteronormativitet. Det största fokus läggs på hur bisexualitet kan förstås och ges betydelse inom ramen för en heteronormativ samhällsordning, då det är en sexualitet som inte ges eget utrymme att skapa en egen subjektsposition – utan ses som något ”mitt i mellan” homo- och heterosexualitet. I uppsatsen görs en närläsning på fem utvalda scener ur Orange Is the New Blacks första säsong. Med en diskursanalytisk förståelseram och dekonstruktion som metod söks spänningar mellan olika sexualiteter för att se hur olika subjektspositioner förhandlar med varandra om utrymme för existens. Av resultatet framkom att bisexualitet som subjektsposition omöjliggörs, medan homo- och heterosexualitet får en självklar plats, även om heterosexualitet är det mest önskvärda, inom ramen för heteronormativitet.

Mémoire numérisé par la Division de la gestion de documents et des archives de l'Université de Montréal.

Mémoire numérisé par la Division de la gestion de documents et des archives de l'Université de Montréal

No description available.

My thesis addresses the antagonism between the mystery of life and the destructive pursuit of power which forms a central theme in the works of Per Olof Sundman (1922–1992). The purpose is to show that Sundman uses the theme of the encounter/non-encounter and the destructive leader to examine the conditions for allowing a deeper experience of reality and the destructive exercise of power. I analyse these themes using concepts borrowed from literary studies (Atle Kittang, Paul Ricoeur, Bertil Romberg, Staffan Björck, Gérard Genette), the philosophy of religion (Martin Buber, Göran Bergstrand) and psychoanalysis (Ludvig Igra, Otto Kernberg, Erich Fromm, Julia Kristeva). My study highlights the problems associated with the destructive exercise of power, which is the overriding theme of Sundman's work.      I explore the theme of the encounter by using the concept pair I-You/I-It. With the aid of this concept pair, I throw light on the aspect of depth in our existence by describing the human encounter. In my analysis on the theme of power, I point out the personal qualities inherent in the destructive leader. I also explore the link between the destructive leader's inner conflict of narcissism and repressed weakness – a conflict projected to the outside world – and the emergence of violence. In order to reveal this inner process, I unearth on a latent level the theme of the destructive leader/stranger in Sundman's work. This enables me to single out the mechanism responsible for the emergence of destructivity in the human psyche, while showing the close link between this pattern of narcissism and projected weakness and a distorted view of reality.    Sundman contrasts this world of power with an integrative attitude to life. In his novel The Expedition, Sundman depicts life in the other world as being a state of human coexistence in which no one is seen to be a stranger. This idea of unity is reinforced by the choice of name for the first-person narrator of the other world. In this novel, the conditions enabling the flourishing of universalism as an attitude to life are also those that give expression in the I-You encounter to the experience of a deeper aspect to our existence.