Bergant, Katharina; Mishra, Prachi; Rajan, Raghuram Govind - National Bureau of Economic Research - 2023
We find that financial conditions in the core have significant spillover effects on cross-border mergers and acquisitions (M&As). On average, a 1 percentage point easing of the IMF US Financial Conditions Index is associated with approximately a 10% higher volume of cross-border M&As. The...
