The volatility machine : emerging economies and the threat of financial collapse / Michael Pettis.

Format:

Book

Author/Creator:

Pettis, Michael, author.

Series:

Oxford scholarship online.

Oxford scholarship online

Language:

English

Subjects (All):

Financial crises.

Loans, Foreign.

Debts, External.

Capital.

International finance.

Physical Description:

1 online resource (266 p.)

Edition:

1st ed.

Place of Publication:

Oxford : Oxford University Press, 2023.

Language Note:

English

Summary:

This volume presents a radically different argument for what has caused and likely will continue to cause the collapse of emerging market economies. It explains how capital structures in emerging markets can be correlated or inverted.

Contents:

Contents; Introduction; Part I: The Structure of Financial Crises; 1. Capital Structure and Policy Collapse: The Financial Crisis of the Late 1990's; 2. Market Structure Issues; Part II: Global Liquidity and Capital Flows; 3. Why Does Rich-Country Capital Flow to Poor Countries?; 4. 180 Years of Liquidity Expansion and International Lending; 5. The Contraction of International Lending; Part III: The Corporate Finance of Crises; 6. The Theory of Capital Structure and Financial Risk; 7. The Capital Structure Trap; 8. Toward a Theory of Sovereign Capital Structure Management

9. Debt Restructurings within a Corporate Finance Framework Part IV: Conclusion; 10. Conclusion: The New Financial Architecture; Appendix: The Option Characteristics of Sovereign Debt; Bibliography; Index;

Notes:

Previously issued in print: 2001.

Includes bibliographical references and index.

Derived record based on print version record and publisher information.

ISBN:

0-19-771070-0

0-19-988171-5

1-280-83525-7

0-19-534948-2

OCLC:

320902269