Euro Crash

1. Front Matter

   Pages i-xi

   PDF

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

   • Brendan Brown

   Pages 1-22

3. The Franco-German Dollar Union that Did Not Take Place

   • Brendan Brown

   Pages 23-33

4. How the Virus of Asset Price Inflation Infected EMU

   • Brendan Brown

   Pages 34-86

5. How the Bundesbank Failed Europe and Germany

   • Brendan Brown

   Pages 87-122

6. The Bursting of Europe’s Bubble

   • Brendan Brown

   Pages 123-166

7. Guilty Verdict on the European Central Bank

   • Brendan Brown

   Pages 167-209

8. From Fed Curse to Merkel-Draghi Coup

   • Brendan Brown

   Pages 210-226

9. EMU Is Dead: Long Live EMU!

   • Brendan Brown

   Pages 227-254

10. Back Matter

    Pages 255-262

    PDF

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.

• bank
• European Central Bank
• European Monetary Union
• Inflation
• monetary union
• banking

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.

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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