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The Volatility Machine - Emerging Economies and the Threat of Financial Collapse (Hardcover) Loot Price: R1,190
Discovery Miles 11 900
The Volatility Machine - Emerging Economies and the Threat of Financial Collapse (Hardcover): Michael Pettis

The Volatility Machine - Emerging Economies and the Threat of Financial Collapse (Hardcover)

Michael Pettis

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Loot Price R1,190 Discovery Miles 11 900 | Repayment Terms: R112 pm x 12*

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This book presents a radically different argument for what has caused, and likely will continue to cause, the collapse of emerging market economies. The book asserts that while Wall Street is keenly aware of the implications of capital structure for stability and predictability, it has all but ignored these implications for emerging economies. The book explains how capital structures in emerging markets can be either "correlated" or "inverted" and how they systematically act to dampen or exacerbate volatility. it explains how a "capital structure trap" can force a system into a very mehanical process of collapse.

General

Imprint: Oxford UniversityPress
Country of origin: United States
Release date: June 2001
First published: May 2001
Authors: Michael Pettis (Adjunct Professor)
Dimensions: 243 x 162 x 20mm (L x W x T)
Format: Hardcover
Pages: 266
ISBN-13: 978-0-19-514330-0
Categories: Books > Business & Economics > Economics > Economic theory & philosophy
Books > Business & Economics > Economics > Economic systems > General
Books > Business & Economics > Finance & accounting > Finance > General
Books > Money & Finance > General
LSN: 0-19-514330-2
Barcode: 9780195143300

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