Volume 17, No. 2 (Summer 2014) ABSTRACT: This paper identifies merger waves as parts of Austrian-type business cycles. According to Austrian business cycle theory, when loan rates are reduced below...
Jimmy Saravia
Jimmy Saravia is a professor, Grupo de Investigación en Banca y Finanzas, School of Economics and Finance, Center for Research in Economics and Finance (CIEF), Universidad EAFIT, Medellín, Colombia.