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  • The Volatility Machineby Michael Pettis

    Oxford University Press, USA 2001; US$ 69.99

    Introduction. Part I. The Structure of Financial Crises. 1. Capital Structure and Policy Collapse: The Financial Crisis of the Late 1990s. 2. Market Structure Issues. Part II. Global Liquidity and Capital Flows. 3. Why Does Ric-Country Capital Flow to Poor Countries?. 4. 180 Years of Liquidity Expansion and International Lending. 5. The Contraction... more...

  • The Great Rebalancingby Michael Pettis

    Princeton University Press 2013; US$ 29.95

    China's economic growth is sputtering, the Euro is under threat, and the United States is combating serious trade disadvantages. Another Great Depression? Not quite. Noted economist and China expert Michael Pettis argues instead that we are undergoing a critical rebalancing of the world economies. Debunking popular misconceptions, Pettis shows that... more...

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