Cette thèse de Doctorat tente d’appréhender l’espace dans l’œuvre d’Edouard Glissant. Pour le chantre du « Tout-Monde », l’espace ne peut se limiter à son île natale, la Martinique. En effet, contrairement à la vision occidentale classique de l’insularité, synonyme d’isolement, ce qui sous-tend et nourrit l’œuvre glissantienne est principalement l’appel des autres terres : non seulement l’archipel caribéen, avec lequel la Martinique partage le même passé esclavagiste et la même géographie accidentée, mais aussi l’ensemble de chaque empan du monde. Loin d’être l’île minuscule, perdue au milieu de l’Atlantique, dans l’ombre du continent américain, la Martinique en devient la préface. Bien plus, dans le sillage du « Tout-Monde », l’île antillaise connaît les mêmes dérives et les mêmes défis. La mer devient, de ce fait, le pont qui relie les terres en même temps qu’il aiguillonne l’imagination. Cette nouvelle perception de la mer est loin d’être une contre-verticale, elle est une nécessité. En raison de la traite et de l’amnésie qui lui est associée, l’histoire des « migrants nus » commence désormais avec le bateau négrier. Tout s’articule autour de cette nouvelle matrice, quand bien même elle serait déniée, où s’origine le chavirement permanent entre souffrance particulière et connaissance de l’Autre. Ainsi, au travers du vertige des mornes, des plantations et de l’ « En-ville », la Martinique apparaît comme un vaisseau fantôme qui garde jalousement ses secrets afin de pouvoir continuer à voguer… / This thesis tries to comprehend the space in the work of Edouard Glissant. For the bard of the “all-world”, the space is not limited to his native island, Martinique. Indeed, contrary to the classical westerner view of the insularity, what underlies and feeds the work of Edouard Glissant is mainly the appeal of lands, which means not only the Caribbean archipelago, but also every place in the world. The Martinique which is supposed to be the tiny island, lost in the middle of the Atlantic and kept in American continent’s shadow, becomes the preface of this one. on top of that, in the wake of the ”all-world”, the west Indian island experience the same drifts and the same challenges. Because of that, the sea becomes the link which gathers lands at the same time as it stimulates the imagination. The new sea’s perception is not a counter-vertical, but it is a necessity. Owing to the slave trade and the amnesia which is associated with, the story of the “naked migrants” begins henceforth with the slave ship. Everything is based on this new matrix, whatever it is denied, and in which the eternal swaying between particular suffering and the other’s knowledge has its roots. Thus, through the vertigo of mountains, plantations and the “in-town”, Martinique seems like a ghost vessel which keeps jealously its secrets in order to continue its voyage.

One of the most popular investment and trading strategies over the last decade, has been the currency carry trade, which allows traders and investors to buy high-yielding currencies in the Foreign Exchange spot market by borrowing, low or zero interest rate currencies in the form of pairs, such as the Australian Dollar/Japanese Yen (AUD/JPY), with the purpose of investing the proceeds afterwards into fixed-income securities.To be able to determine the causality between the returns of equity markets and the foreign exchange market, we choose to observe the sensitivity and influence of two equity indexes on several pairs involved in carry trading. The reason for studying these relationships is to further explain the causes of the uncovered interest parity puzzle, thus adding our contribution to the academic field through this thesis.To accomplish our goals, data was gathered for daily quotes of 16 different currency pairs, grouped by interest differentials, and two equity indexes, the S&P 500 and FTSE All-World, along with data for the VIX volatility index, for the 2003-2012 period. The data was collected from Thomson Reuters Datastream and the selected ten year span was divided into three different periods. This was done in order to discover the differences on how equity indexes relate to typical carry trade currency pairs, depending on market developments before, during and after the world financial crisis.The tests conducted on the collected data measured the correlations, influences and sensitivity for the 16 different currency pairs with the S&P 500 Index, the FTSE All-World index, and the volatility index between the years of 2003-2012. For influences and sensitivity, we performed Maximum Likelihood (ML) regressions with Generalized Autoregressive Conditional Heteroscedasticity (GARCH) [1,1], in Eviews software.After analyzing the results, we found that, during our chosen time period, the majority of currency pair daily returns are positively correlated with the equity indexes and that the FX pairs show greater correlation with the FTSE All-World, than with the S&P 500. Factors such as the interest rate of a currency and the choice of funding currency played an important role in the foreign exchange markets, during the ten year time span, for every yield group of FX pairs.Regarding the influence and sensitivity between currency pairs and the S&P 500 with its VIX index, we found that our models explanatory power seems to be stronger when the interest rate differential between the currency pairs is smaller. Our regression analysis also uncovered that the characteristics of an individual currency can show noticeable effects for the relationship between its pair and the two indexes.