Prof. Anusha Chari of the University of North Carolina on shocks and capital flows in emerging markets
Scientific Sense ®
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Does Capital Scarcity Matter?
The beauty of free markets is that it requires a, firms to go away, bere i go. If we are unable to do that, then, you know, we can really make markets work. Mator: Does capital scarcity matter? A, not just in emerging markets, but also developed markets. Ah, the idea is that there is, it's a very controveversial topic,. On the one hand, wen countries in financial autarchy open up, as they did in the eighties and nineties, a lot of these emerging markets came on line. Capital float to these countries. The cost of capital decines, real investment goes up. Now we document some impacts
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