Michael Pettis
Michael Pettis is Professor of Finance at Peking University and a senior associate at the Carnegie Endowment.
Michael Pettis is Professor of Finance at Peking University and a senior associate at the Carnegie Endowment.
While a high public debt/GDP ratio can hamper a country’s growth prospects, the ratio itself is not the determining factor. The impact of debt on GDP growth depends on a country's economic volatility,… read more
For nearly a decade prior to the eurozone crisis, capital from high-savings countries like Germany flowed to low-savings countries like Spain. If the rebalancing that is now necessary occurs only in S… read more
