LEADER 03183nam 2200781un 450 001 9910958494003321 005 20200520144314.0 010 $a0-19-771070-0 010 $a0-19-988171-5 010 $a1-280-83525-7 010 $a0-19-534948-2 024 7 $a10.1093/oso/9780195143300.001.0001 035 $a(CKB)1000000000402384 035 $a(EBL)431191 035 $a(OCoLC)320902269 035 $a(SSID)ssj0000268417 035 $a(PQKBManifestationID)11229392 035 $a(PQKBTitleCode)TC0000268417 035 $a(PQKBWorkID)10235684 035 $a(PQKB)11018378 035 $a(Au-PeEL)EBL431191 035 $a(CaPaEBR)ebr10269169 035 $a(CaONFJC)MIL83525 035 $a(OCoLC)1406783375 035 $a(StDuBDS)9780197710708 035 $a(OCoLC)45100329 035 $a(FINmELB)ELB165316 035 $a(MiAaPQ)EBC431191 035 $a(EXLCZ)991000000000402384 100 $a20010723e20232001 |y | 101 0 $aeng 135 $aurcn||||||||| 181 $ctxt 182 $cc 183 $acr 200 14$aThe volatility machine $eemerging economies and the threat of financial collapse /$fMichael Pettis 205 $a1st ed. 210 1$aOxford :$cOxford University Press,$d2023. 215 $a1 online resource (266 p.) 225 1 $aOxford scholarship online 300 $aPreviously issued in print: 2001. 311 08$a0-19-514330-2 320 $aIncludes bibliographical references and index. 327 $aContents; Introduction; Part I: The Structure of Financial Crises; 1. Capital Structure and Policy Collapse: The Financial Crisis of the Late 1990's; 2. Market Structure Issues; Part II: Global Liquidity and Capital Flows; 3. Why Does Rich-Country Capital Flow to Poor Countries?; 4. 180 Years of Liquidity Expansion and International Lending; 5. The Contraction of International Lending; Part III: The Corporate Finance of Crises; 6. The Theory of Capital Structure and Financial Risk; 7. The Capital Structure Trap; 8. Toward a Theory of Sovereign Capital Structure Management 327 $a9. Debt Restructurings within a Corporate Finance Framework Part IV: Conclusion; 10. Conclusion: The New Financial Architecture; Appendix: The Option Characteristics of Sovereign Debt; Bibliography; Index; 330 8 $aThis volume presents a radically different argument for what has caused and likely will continue to cause the collapse of emerging market economies. It explains how capital structures in emerging markets can be correlated or inverted. 410 0$aOxford scholarship online. 606 $aFinancial crises 606 $aLoans, Foreign 606 $aDebts, External 606 $aCapital 606 $aInternational finance 615 0$aFinancial crises. 615 0$aLoans, Foreign. 615 0$aDebts, External. 615 0$aCapital. 615 0$aInternational finance. 676 $a336.3/435 700 $aPettis$b Michael$0782917 801 0$bDLC 801 1$bDLC 801 2$bUk 801 2$bStDuBDSZ 801 2$bStDuBDSZ 906 $aBOOK 912 $a9910958494003321 996 $aThe volatility machine$94446016 997 $aUNINA