Skip to Main Content
HBS Home
  • About
  • Academic Programs
  • Alumni
  • Faculty & Research
  • Baker Library
  • Giving
  • Harvard Business Review
  • Initiatives
  • News
  • Recruit
  • Map / Directions
Working Knowledge
Business Research for Business Leaders
  • Browse All Articles
  • Popular Articles
  • Cold Call Podcast
  • Managing the Future of Work Podcast
  • About Us
  • Book
  • Leadership
  • Marketing
  • Finance
  • Management
  • Entrepreneurship
  • All Topics...
  • Topics
    • COVID-19
    • Entrepreneurship
    • Finance
    • Gender
    • Globalization
    • Leadership
    • Management
    • Negotiation
    • Social Enterprise
    • Strategy
  • Sections
    • Book
    • Podcasts
    • HBS Case
    • In Practice
    • Lessons from the Classroom
    • Op-Ed
    • Research & Ideas
    • Research Event
    • Sharpening Your Skills
    • What Do You Think?
    • Working Paper Summaries
  • Browse All
    • Archive

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

     
    The collapse of emerging market economies.
    9/17/2001
    With a geographic focus on Latin America and Asia, the author uses the Mexican peso crisis of 1994 and the subsequent Asian crisis three years later to illustrate the importance of recognizing the immense volatility involved for investors and borrowers when dealing with emerging markets. Over time, borrowers and investors have underestimated the impact of such instability while actually allowing ruling sovereigns to establish capital structures in their economic environment that contribute to it. The "volatility machine," therefore, is the country's established capital structure that is vulnerable to influence imposed by its ruling entity. Chapters cover the current financial crisis, a liquidity model describing the international lending process, the history of international lending, and how capital frameworks are built.
    ǁ
    Campus Map
    Harvard Business School Working Knowledge
    Baker Library | Bloomberg Center
    Soldiers Field
    Boston, MA 02163
    Email: Editor-in-Chief
    →Map & Directions
    →More Contact Information
    • Make a Gift
    • Site Map
    • Jobs
    • Harvard University
    • Trademarks
    • Policies
    • Accessibility
    • Digital Accessibility
    Copyright © President & Fellows of Harvard College