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The Volatility Machine: Emerging Economies and the Threat of Financial Collapse by
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Gee
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There is a possible signaling effect in the capital structure. By designing a highly inverted capital structure, some officials believe that they are
signaling to the market their complete confidence in their policies and their refusal to change these policies—if they do, their inverted capital structure will impose punishing costs.
— Jul 06, 2022 01:57AM
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signaling to the market their complete confidence in their policies and their refusal to change these policies—if they do, their inverted capital structure will impose punishing costs.







