A surprisingly large number of countries have been able to finance a significant fraction of domestic investment using … important than private finance, we also identify a number of episodes where a substantial fraction of domestic investment was … abruptly with compression of the current account, real exchange rate depreciation, and a sharp slowdown in investment. We …

A surprisingly large number of countries have been able to finance a significant fraction of domestic investment using … investment was financed via private capital inflows. That said, foreign savings are not a good substitute for domestic savings … abruptly with compression of the current account, real exchange rate depreciation, and a sharp slowdown in investment. Summing …

financialisation, namely a debtled private demand boom, an export-led mercantilist, and a domestic demand-led regime. We then take a …

consumption demand or by rising export surpluses, compensating for low or falling investment in capital stock. However, each type … financialisation to the macroeconomy: first, the effect on income distribution, second, the effects on investment in capital stock … income at the expense of the labour income share and depressed investment in capital stock, each a major feature of …