Scanning the capital horizon
Allen Sinai
(Director of Financial Economics at Data Resources, Inc., and Visiting Associate Professor of Economics and Finance, Sloan School of Management, Massachusetts Institute of Technology, Cambridge, Massachusetts.)
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Abstract
The capital shortage is an issue that surfaced in 1974, during a period of shortages and bottlenecks for basic commodities and production materials in key industries; liquidity squeeze and balance sheet instability for households, corporations and banks; rapid inflation; and escalating interest rates. This combination of circumstances was unique to the postwar period, although other business cycle episodes since World War II have been characterized by some of the same elements.
Citation
Sinai, A. (1977), "Scanning the capital horizon", Planning Review, Vol. 5 No. 6, pp. 10-19. https://doi.org/10.1108/eb053819
Publisher
:MCB UP Ltd
Copyright © 1977, MCB UP Limited