The Volatility Machine

Emerging Economies and the Threat of Financial Collapse

Autori

• Michael Pettis

Parametri

• 272 pagine
• 10 ore di lettura

• Commercio e vendita
• Economia
• Economia e affari
• Finanza
• Saggistica

Maggiori informazioni sul libro

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.

Lingua: Inglese

Pubblicato: 2001

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