Can I read The Volatility Machine : Emerging Economics and the Threat of Financial Collapse on EtoBox?

The Volatility Machine : Emerging Economics and the Threat of Financial Collapse by Michael Pettis is a book available to read on EtoBox.

What is The Volatility Machine : Emerging Economics and the Threat of Financial Collapse about?

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 lending since the 1820s to argue that the process of international lending is driven primarily by external events and not by local politics and/or economic policies. He draws out the corporate finance implications of this approach to argue that most of the current analyses of the recent financial crises suffered by Latin America, Asia, and Russia have largely missed the point. He then develops a sovereign finance model, analogous to corporate finance, to understand the capital structure needs of emerging market countries. Using this model, he finally puts into perspective the recent crises, a new sovereign liability management theory, the implications of the model for sovereign debt restructurings, and the new financial architecture. Brid

Author

Michael Pettis

Publisher

Oxford University Press, USA

Published

2001

Language

EN

ISBN

9780195349481

Subjects

Finance, Language Learning, Economics

Rating

4.48 / 5 (44 ratings)

Updated

2026-03-13