The Volatility Machine

Emerging Economies and the Threat of Financial Collapse

Auteurs

• Michael Pettis

Paramètres

• 272 pages
• 10 heures de lecture

• Affaires et économie
• Commerce et vente
• Économie
• Finance
• Nonfiction

En savoir plus sur le livre

Focusing on the dynamics of capital structures, the book argues that emerging market economies face unique vulnerabilities often overlooked by Wall Street. It distinguishes between "correlated" and "inverted" capital structures, highlighting their roles in influencing economic stability and volatility. The concept of a "capital structure trap" is introduced, illustrating how it can lead to a mechanical process of economic collapse. This analysis provides a fresh perspective on the challenges faced by emerging markets and the systemic risks they encounter.

Achat du livre

• Année de publication: 2001
• Reliure: (rigide)