A Theory of Capital Rationing
AbstractThis paper revisits some of the issues originally put forward by the author as the theory of capital market inflation, in the book The End of Finance (Toporowski 2000). The paper makes much clearer the key assumptions and relationships between the operations of the capital market dominated by institutional investors, and the balance sheets of companies. In this way, it presents a theory of how macroeconomic dynamics may be affected by disequilibrium in the capital market.
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Bibliographic InfoPaper provided by Department of Economics, SOAS, University of London, UK in its series Working Papers with number 166.
Length: 12 pages
Date of creation: Sep 2010
Date of revision:
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- Bonizzi, Bruno, 2013. "Capital market inflation in emerging markets: The case of Brazil and South Korea," MPRA Paper 51255, University Library of Munich, Germany.
- Bruno Bonizzi, 2013. "Capital Flows to Emerging Markets: An alternative Theoretical Framework," Working Papers 186, Department of Economics, SOAS, University of London, UK.
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