Six of the largest financial services transactions announced in 1H20 are investing or banking related, including Morgan Stanley's USD 13bn bid for ETrade Financial, Kuwait Finance House's USD 9.8bn offer for Ahli United Bank, and Franklin Resources USD 5.4bn bid for Legg Mason. Meanwhile, ...
Mckinnon (1973) and Shaw (1973) argued that the phenomenon of financial repression would split the capital market in a country, which would have a serious negative impact on the quality and quantity of its actual capital accumulation and hinder the development of its finance. In response, the...