The Volatility Machine: Emerging Economies and the Threat of Financial Collapse - Image 1

£41.51

Oxford University Press The Volatility Machine: Emerging Economies and the Threat of Financial Collapse

Name: The Volatility Machine: Emerging Economies and the Threat of Financial Collapse
Brand: Oxford University Press
Price: 38.82 GBP
Availability: InStock

International

Price History & Forecast

Last 28 days • 28 data points (No recent data available)

Historical

Generating forecast...

Price Distribution

Price distribution over 28 days • 3 price levels

Days at Price

Current Price

Price Analysis

Most common price: £38 (13 days, 46.4%)

Price range: £38 - £42

Price levels: 3 different prices over 28 days

Description

This book presents a radically different argument for what has caused, and likely will continue to cause, the collapse of emerging market economies. Pettis combines the insights of economic history, economic theory, and finance theory into a comprehensive model for understanding sovereign liability management and the causes of financial crises. He examines recent financial crises in emerging market countries along with the history of international lending since the 1820s to argue that the process of international lending is driven primarily by external events and not by local politics and/or economic policies. He draws out the corporate finance implications of this approach to argue that most of the current analyses of the recent financial crises suffered by Latin America, Asia, and Russia have largely missed the point. He then develops a sovereign finance model, analogous to corporate finance, to understand the capital structure needs of emerging market countries. Using this model, he finally puts into perspective the recent crises, a new sovereign liability management theory, the implications of the model for sovereign debt restructurings, and the new financial architecture. Bridging the gap between finance specialists and traders, on the one hand, and economists and policy-makers on the other, The Volatility Machine is critical reading for anyone interested in where the international economy is going over the next several years.

Product Specifications

Brand: Oxford University Press
Format: hardcover
ASIN: 0195143302
Category: Books > Subjects > Business, Finance & Law > Accounting > International
Domain: Amazon UK
Release Date: 07 June 2001
Listed Since: 06 February 2007

Barcode

No barcode data available

Oxford University Press The Volatility Machine: Emerging Economies and the Threat of Financial Collapse

Price History & Forecast

Price Distribution

Price Analysis

Description

Product Specifications

Barcode

Similar Products You Might Like

Emerging Markets and Financial Globalization: Sovereign Bond Spreads in 1870-1913 and Today

Macroeconomics: Institutions, Instability, and the Financial System by Carlin, Wendy, Soskice, David

Macroeconomics: Institutions, Instability, and Inequality

Social Finance: Shadow Banking During the Global Financial Crisis

International Financial Systems and Stock Volatility: Issues and Remedies: 13 (International Review of Comparative Public Policy, 13)

Globalisation and Macroeconomic Volatility

Financial and Macroeconomic Connectedness: A Network Approach to Measurement and Monitoring

Handbook Of Global Financial Markets: Transformations, Dependence, And Risk Spillovers (Money Banking Investments Fina)

Innovative Firms in Emerging Market Countries

Springer Risk Assessment and Financial Regulation in Emerging Markets

Capital Wars: The Rise of Global Liquidity

Stock Market Volatility (Chapman & Hall/CRC Finance Series)

The European Sovereign Debt Crisis and Its Impacts on Financial Markets

The Global Financial Crisis and the Korean Economy

Financialisation in Emerging Economies: Changes in Central Banking (Routledge Critical Studies in Finance and Stability)

Macroeconomic Theory and its Failings: Alternative Perspectives on the Global Financial Crisis

Globalisation and Finance at the Crossroads: The Financial Crisis, Regulatory Reform and the Future of Banking

Financial Development, Economic Crises and Emerging Market Economies (Routledge Critical Studies in Finance and Stability)

Kluwer Law - From Crisis to Crisis: Global Financial System

Changing Capitalisms?: Internationalism, Institutional Change, and Systems of Economic Organization

Globalisation and Finance at the Crossroads: The Financial Crisis, Regulatory Reform and the Future of Banking

The Handbook of Global Shadow Banking, Volume I: From Policy to Regulation: 1

Market, Regulations and Finance: Global Meltdown and the Indian Economy (India Studies in Business and Economics)

The Financial Landscape of Emerging Economies: Current State, Challenges and Solutions (Accounting, Finance, Sustainability, Governance & Fraud: Theory and Application)