Euro Crash

How Asset Price Inflation Destroys the Wealth of Nations

Authors: Brown, B.

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About this book

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.

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.


Table of contents (8 chapters)

  • Asset Price Inflation: What Do We Know about this Virus?

    Brown, Brendan

    Pages 1-22

  • The Franco-German Dollar Union that Did Not Take Place

    Brown, Brendan

    Pages 23-33

  • How the Virus of Asset Price Inflation Infected EMU

    Brown, Brendan

    Pages 34-86

  • How the Bundesbank Failed Europe and Germany

    Brown, Brendan

    Pages 87-122

  • The Bursting of Europe‚Äôs Bubble

    Brown, Brendan

    Pages 123-166

Buy this book

eBook $19.99
price for USA
  • The eBook version of this title will be available soon
  • ISBN 978-1-137-37149-2
  • Digitally watermarked, no DRM
  • Included format:
  • eBooks can be used on all reading devices
  • Download immediately after purchase
Hardcover $32.00
price for USA
  • ISBN 978-1-137-37148-5
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.

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Bibliographic Information

Bibliographic Information
Book Title
Euro Crash
Book Subtitle
How Asset Price Inflation Destroys the Wealth of Nations
Authors
Copyright
2014
Publisher
Palgrave Macmillan UK
Copyright Holder
Palgrave Macmillan, a division of Macmillan Publishers Limited
eBook ISBN
978-1-137-37149-2
DOI
10.1057/9781137371492
Hardcover ISBN
978-1-137-37148-5
Edition Number
3
Number of Pages
XI, 262
Topics