The Volatility Machine: Emerging Economics and the Threat of Financial Collapse

by Michael Pettis

Book Overview

This book presents a radically different argument for what has caused, and likely will continue to cause, the collapse of emerging market economies. Pettis combines the insights of economic history, economic theory, and finance theory into a comprehensive model for understanding sovereign liability management and the causes of financial crises. He examines recent financial crises in emerging market countries along with the history of international...

• Format: Hardcover
• Language: English
• ISBN: 0195143302
• ISBN13: 9780195143300
• Release Date: May 2001
• Publisher: Oxford University Press
• Length: 272 Pages
• Weight: 0.55 lbs.
• Dimensions: 0.8" x 6.4" x 9.4"