Michael Pettis ’84
Senior Associate, Carnegie Endowment for International Peace and Professor of Finance, Guanghua School of Management, Peking University


In his work and research, Michael Pettis ’84 focuses on monetary policy, trade policy, and banking and financial markets in China.

Prior to his current positions, Mr. Pettis spent 15 years as a banker and trader on Wall Street, nine years teaching at Columbia University, and three years teaching at Tsinghua University in Beijing. Before moving to China in 2001, he was managing director and head of the liability management and Latin American capital markets groups at Bear Stearns. He has also run fixed income trading and capital market teams at CSFB and JP Morgan.

Mr. Pettis has published widely in a number of leading periodicals and is the author of several books, including The Great Rebalancing: Trade, Conflict, and the Perilous Road Ahead for the World Economy (Princeton University Press, 2001) and The Volatility Machine (Oxford University Press, 2001). In September, the Carnegie Endowment for International Peace published his new book on the Chinese Economy, Avoiding the Fall: China’s Economic Restructuring.