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The Volatility Machine
Emerging Economies and the Threat of Financial Collapse
Buch von Michael Pettis
Sprache: Englisch

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Beschreibung
This book presents a radically different argument for what has caused, and likely will continue to cause, the collapse of emerging market economies. The book asserts that while Wall Street is keenly aware of the implications of capital structure for stability and predictability, it has all but ignored these implications for emerging economies. The book explains how capital structures in emerging markets can be either "correlated" or "inverted" and how they systematically act to dampen or exacerbate volatility. it explains how a "capital structure trap" can force a system into a very mehanical process of collapse.
This book presents a radically different argument for what has caused, and likely will continue to cause, the collapse of emerging market economies. The book asserts that while Wall Street is keenly aware of the implications of capital structure for stability and predictability, it has all but ignored these implications for emerging economies. The book explains how capital structures in emerging markets can be either "correlated" or "inverted" and how they systematically act to dampen or exacerbate volatility. it explains how a "capital structure trap" can force a system into a very mehanical process of collapse.
Über den Autor
Michael Pettis is a Managing Director at Bear Stearns, a New York investment bank and an adjunct professor at Columbia University where he teaches courses in international finance. He has been involved in emerging markets, both as an investment banker and as a sovereign adviser, since 1987. In addition, he has written extensively on the subject, on specialized financial topics, and on policy.
Details
Erscheinungsjahr: 2001
Fachbereich: Betriebswirtschaft
Genre: Wirtschaft
Rubrik: Recht & Wirtschaft
Medium: Buch
Inhalt: Gebunden
ISBN-13: 9780195143300
ISBN-10: 0195143302
Sprache: Englisch
Einband: Gebunden
Autor: Pettis, Michael
Hersteller: Oxford University Press
Maße: 243 x 164 x 24 mm
Von/Mit: Michael Pettis
Erscheinungsdatum: 07.06.2001
Gewicht: 0,52 kg
Artikel-ID: 121293137
Über den Autor
Michael Pettis is a Managing Director at Bear Stearns, a New York investment bank and an adjunct professor at Columbia University where he teaches courses in international finance. He has been involved in emerging markets, both as an investment banker and as a sovereign adviser, since 1987. In addition, he has written extensively on the subject, on specialized financial topics, and on policy.
Details
Erscheinungsjahr: 2001
Fachbereich: Betriebswirtschaft
Genre: Wirtschaft
Rubrik: Recht & Wirtschaft
Medium: Buch
Inhalt: Gebunden
ISBN-13: 9780195143300
ISBN-10: 0195143302
Sprache: Englisch
Einband: Gebunden
Autor: Pettis, Michael
Hersteller: Oxford University Press
Maße: 243 x 164 x 24 mm
Von/Mit: Michael Pettis
Erscheinungsdatum: 07.06.2001
Gewicht: 0,52 kg
Artikel-ID: 121293137
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