growth. Also for France we find a positive effect on productivity and the size of domestic activity, although not as robust … trickle down on productivity at home …

-border acquisition, show different productivity levels as compared to those firms that have not been acquired. Our identification … firms' balance sheet for the years 2008-2018. We find that cross-border acquisitions decrease the productivity of the … targeted by acquirers originating in emerging market economies also decrease productivity of high-tech target firms. …

The recent East Asian crisis has highlighted the relationship between financial development and output volatility. In … volatility only occurs at intermediate levels of financial development; second, that whilst full financial liberalization …, including an unrestricted opening to foreign lending, can destabilize an emerging market economy, in contrast output volatility …