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

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

Description

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 theysystematically act to dampen or exacerbate volatility. it explains how a "capital structure trap" can force a system into a very mehanical process of collapse.

Product details

EAN/ISBN:
9780195143300
Medium:
Bound edition
Number of pages:
272
Publication date:
2001-06-07
Publisher:
Oxford University Press Inc
Languages:
english
Manufacturer:
Unknown
EAN/ISBN:
9780195143300
Medium:
Bound edition
Number of pages:
272
Publication date:
2001-06-07
Publisher:
Oxford University Press Inc
Languages:
english
Manufacturer:
Unknown

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