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Published: 17 May 2001

272 Pages | 22 line illus.

6-1/8 x 9-1/4 inches

ISBN: 9780195143300

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Bookseller Code (04)

The Volatility Machine

Emerging Economics and the Threat of Financial Collapse

Michael Pettis

  • Presents a radically different argument for what has caused, and likely will continue to cause, the collapse of emerging market economies
  • Combines the insights of economic history, economic theory, and finance theory into a comprehensive model
  • Examines recent financial crises in emerging market countries along with the history of international lending since the 1820s
  • Argues that the process of international lending is driven primarily by external events and not by local politics and/or economic policies

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Social Sciences > Business & Management