Thus, many (Bernanke 2005; Prasad et al. 2007; Carroll and Jeanne 2009; Buera and Shin 2009; Aguiar and Amador 2011; Miller et al. 2011) observe that superfluous savings is uphilling from capital-scarce emerging and developing economies to the capital-abundant developed countries during the last two decades.
Venture capital is abundant.
It meant that equity capital became abundant, and the discipline of LBOs and debt disappeared.
Indeed, the biotech industry is spreading globally to India and China, where capital is abundant and research is increasing.
The availability of labour and land has fallen, domestic capital is abundant, the local market is now understood to be among the most attractive in the world and sentiment has become more nationalistic and self-satisfied.
Even if it goes no further, the dip in asset prices has hurt this year's growth prospects, particularly in emerging markets, where credit conditions are tighter and foreign capital less abundant.
After his re-election to a six-year term last December, when his political capital was abundant, Mr. Chávez called the gasoline prices "disgusting" and said his government was planning to raise them with a measure "financed by those who own a BMW or a tremendous four-wheel drive".
Once the purview of tech hotspots such as Silicon Valley and Seattle, where venture capital is abundant and you can't shake a stick without bumping into a Google board member, pitch-a-thons have steadily become popular in nontraditional tech communities as well.
Thus, countries with abundant capital should generally be able to produce capital-intensive goods relatively inexpensively, exporting them in order to pay for imports of labour-intensive goods.
Although abundant capital has the ability to absorb credit market shocks, higher bank capital typically accelerates risky credit activities, which results in loan losses.
