According to Harvard economist Martin Feldstein _____ supports long-term cross-border capital flows.

Question

Quizplus · Accepted Answer

Martin Feldstein supports patient money, which refers to long-term capital flows that are committed to a specific investment for several years. This type of capital is more stable and less likely to cause financial instability compared to short-term capital flows, also known as hot money. Investment capital is a general term that could refer to both short-term and long-term capital, so it is not the best choice.

According to Harvard Economist Martin Feldstein _____ Supports Long-Term Cross-Border