
The Volatility Machine

interconnectedness of the global economy is creating increased volatility.
Brian Fikkert • When Helping Hurts: How to Alleviate Poverty Without Hurting the Poor . . . and Yourself
This framework gives important insights in a debt-driven World. First-and-foremost, financial markets increasingly operate as vast debt refinancing mechanisms not new capital-raising vehicles . Second, domestic and international capital flows represent key drivers of the economic system. Increasingly cross-border flows determine trade balances, not
... See moreMichael Howell • The Crest of a Wave
The Chastening: Inside The Crisis That Rocked The Global Financial System And Humbled The Imf
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The Mind of Wall Street: A Legendary Financier on the Perils of Greed and the Mysteries of the Market
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The Volatility Machine by @michaelxpettis
I ended up having to read this more quickly than I would have liked, but it's an excellent book about sovereign financial crises in emerging markets. (1/n) https://t.co/Dlbl5oj0MW