Massless Black Holes and Conifolds in String Theory

Low-energy effective field theories arising from Calabi-Yau string compactifications are generically inconsistent or ill-defined at the classical level because of conifold singularities in the moduli space. It is shown, given a plausible assumption on the degeneracies of black hole states, that for type II theories this inconsistency can be cured by nonperturbative quantum effects: the singularities are resolved by the appearance of massless RamondRamond black holes. The Wilsonian effective action including these light black holes is smooth near the conifold, and the singularity is reproduced when they are integrated out. In order for a quantum effect to cure a classical inconsistency, it can not be suppressed by the usual string coupling gs. It is shown how the required gs dependence arises as a result of the peculiar couplings of Ramond-Ramond gauge fields to the dilaton.