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

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 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 9. 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.