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

The Volatility Machine by Michael Pettis is a groundbreaking book that offers a fresh perspective on financial crises in emerging market economies.

By combining insights from economic history, theory, and finance, Pettis presents a comprehensive model for understanding sovereign liability management and the causes of financial crises.

This book provides a much-needed alternative to traditional analyses that focus on local politics and economic policies. Pettis draws on historical data and case studies from Latin America, Asia, and Russia to demonstrate how external events have driven the process of international lending.

He then develops a sovereign finance model, analogous to corporate finance, to understand the capital structure needs of emerging market countries.

This book is essential reading for anyone interested in understanding where the international economy is headed in the next several years. With its unique blend of economic history, theory, and finance, The Volatility Machine is a must-read for investors, economists, and policymakers.

Pettis's comprehensive approach provides a much-needed alternative to traditional analyses that focus on local politics and economic policies.

Don't miss out on this insightful and thought-provoking book - order your copy today!