Calderon, Cesar; Didier, Tatiana - 2012
behave in a similar fashion during the current crisis. Why? In past crises, the stability of FDI flows was significantly … associated with an increase in mergers and acquisitions (M&A), reflecting 'fire-sale FDI'. In the present crisis, by contrast, M …&A activity decreased significantly in the last quarter of 2008, and this trend may continue as long as the global crisis …