Euro Crash: How Asset Price Inflation Destroys the Wealth of Nations

Author:   B. Brown
Publisher:   Palgrave Macmillan
Edition:   3rd ed. 2014
ISBN:  

9781349475605


Pages:   262
Publication Date:   01 January 2014
Format:   Paperback
Availability:   Manufactured on demand   Availability explained
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Euro Crash: How Asset Price Inflation Destroys the Wealth of Nations


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Overview

Euro Crash is a unique analysis of the European Monetary Union, arguing that it was not sub-optimal currency areas or profligate government spending but instead fatal flaws in monetary design and an appalling series of policy mistakes by the European Central Bank that lead to the current and ongoing Eurozone crisis.

Full Product Details

Author:   B. Brown
Publisher:   Palgrave Macmillan
Imprint:   Palgrave Macmillan
Edition:   3rd ed. 2014
Weight:   0.354kg
ISBN:  

9781349475605


ISBN 10:   1349475602
Pages:   262
Publication Date:   01 January 2014
Audience:   College/higher education ,  Postgraduate, Research & Scholarly
Format:   Paperback
Publisher's Status:   Active
Availability:   Manufactured on demand   Availability explained
We will order this item for you from a manufactured on demand supplier.

Table of Contents

Foreword; Professor Joseph Salerno 1. Asset Price Inflation – What Do We Know About This Virus? 2. The Franco-German Dollar Union Which Never Took Place 3. How the Virus of Asset Price Inflation Infected EMU 4. How the Deutsche Bundesbank Failed Europe and Germany 5. The Bursting of Europe's Bubble 6. Guilty Verdict on the European Central Bank 7. From Fed Curse to Merkel-Draghi Coup 8. EMU is Dead, Long Live EMU

Reviews

Fiat currency central banks claim to fight the inflation they cause, and likewise to offset the financial instability and systemic risk they create. The depreciation of the currencies they issue at will often cause falls in foreign exchange value, goods and services inflation, or asset price inflations. Of these, asset price inflations are the most insidious, for while they last they are highly popular, leading people to think they are growing rich and to run up their debt. When the asset inflations collapse, the central banks can come as the fire department to the fire they stoked. Nobody is better at diagnosing and dissecting these central bank games than Brendan Brown, whether it is the Federal Reserve ( The Global Curse of the Federal Reserve ) or the European Central Bank - this book, Euro Crash . It will give you a healthy boost in your scepticism about those who pretend to be the Platonic guardians of the financial system.' - Alex J. Pollock, Resident Fellow, American Enterprise Institute, Washington, DC; former president and chief executive officer, Federal Home Loan Bank of Chicago.


Author Information

Brendan Brown is a widely followed market economist practising in London, UK. He has authored many books on international financial topics, including monetary problems in the US, Europe and Japan, and asset market pricing (including exchange rates) in a global context. The books cover both contemporary trends and historical topics. He was awarded a PhD by the London School of Economics and an MBA by the University of Chicago. Dr. Brown is Head of Economic Research and Executive Director at one of the largest Japanese financial institutions. He seeks to apply the teachings of Austrian School economics, distilled with the best of the Chicago tradition, to solving the practical problems of global investment strategy in a world of monetary turmoil. Dr. Brown contributes regularly to Japanese and European financial media.

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