The Volatility Machine
Emerging Economics and the Threat of Financial Collapse
Recommended by Jonathan Tepper, and 1 others. See all reviewsRanked #20 in Macroeconomics
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... more
Reviews and Recommendations
We've comprehensively compiled reviews of The Volatility Machine from the world's leading experts.
Jonathan Tepper I can’t believe I didn’t know Michael Pettis is on Twitter. He’s a must follow. I highly recommend his book The Volatility Machine if you want to understand emerging market crises. https://t.co/1ar5NepyDZ (Source)
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