Cover is for reference only

Euro crash how asset price inflation destroys the wealth of nations /

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...

Full description

Saved in:
Bibliographic Details
Main Authors: Brown, Brendan, 1951
Published:
Literature type: Electronic Software eBook
Language: English
Edition: 3rd rev. ed.
Subjects:
European Central Bank
Monetary unions > European Union countries
Monetary policy > European Union countries
Monetary economics > EU European Union
International finance > EU European Union
Economic & financial crises & disasters > EU European Union
Credit & credit institutions > EU European Union
Economics
European Union countries > Economic policy
Online Access: http://www.palgraveconnect.com/doifinder/10.1057/9781137371492
Summary: 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.
'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
Item Description: Electronic book text.
Epublication based on: 9781137371485, 2010.
Carrier Form: 280 p.
ISBN: 9781137371492 :
1137371498 :
CLC: F825.00
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.

Related Book Recommendations