This paper presents some ideas about determinants of merger waves and some evidence on their effect on profitability and employment. A brief survey of previous merger waves and an analysis of the recent one give support to the hypothesis that sectoral shocks are at the root of merger waves....

Europäische Währungsunion am Scheideweg - Die Europäische Währungsunion (EWU) steht 13 Jahre nach ihrer Gründung vor den größten Herausforderungen ihrer Geschichte. Hohe Arbeitslosigkeit in mehreren Mitgliedsländern, massiver Konsolidierungsbedarf in vielen Staatshaushalten und in...

The European Union at the crossroads - Thirteen years after its foundation, the European Monetary Union (EMU) is facing the greatest challenge of its history thus far. High unemployment in a number of member countries, the need for substantial consolidation of the budgets of numerous...

This paper presents some ideas about determinants of merger waves and some evidence on their effect on profitability and employment. A brief survey of previous merger waves and an analysis of the recent one give support to the hypothesis that sectoral shocks are at the root of merger waves....