Coverart for item
The Resource Euro crash : the exit route from monetary failure in Europe, Brendan Brown, (electronic book)

Euro crash : the exit route from monetary failure in Europe, Brendan Brown, (electronic book)

Label
Euro crash : the exit route from monetary failure in Europe
Title
Euro crash
Title remainder
the exit route from monetary failure in Europe
Statement of responsibility
Brendan Brown
Creator
Contributor
Subject
Language
eng
Summary
Euro Crash turns the conventional diagnosis of the failure of the European Monetary Union on its head. It argues that the main problem was not sub-optimal currency areas nor profligate government spending but fatal flaws in monetary design and an appalling series of policy mistakes by the European Central Bank (ECB). Brendan Brown shows how the inflation-targeting regime established by the ECB right at the start, coupled with the reckless dismantling of the old Bundesbank's monetary framework, contributed decisively to the ensuing gross failures. Further factors in the fatal cocktail included long-term French monetary nationalism, empowered by a French President at the head of the ECB, and the succumbing of euro officials to the same deflation phobia which had gripped the Federal Reserve. In exploring these themes, Dr. Brown draws on both traditional monetarist and Austrian School economic literature. He demonstrates that the European Sovereign Debt Crisis is in fact the bust phase of a credit bubble which to a critical extent was manufactured in Frankfurt's Euro Tower. This new edition of Euro Crash has been fully updated, and the argument refined, to take advantage of recent facts and new insights. It includes a new introduction which sets the scene in light of the momentous events since the first edition was written. In the final chapter, Dr. Brown provides an examination of radical ways forward. He proposes that there is only one way which has any real prospect of salvaging European monetary integration - that is to start again. He plots a future which rejects a political, fiscal or transfer union in Europe and outlines an exit procedure for any member country from EMU which would be fully legal and feasible. This book should be of great interest to all those searching for explanations and prescriptions outside the box of conventional thinking and beyond the 'passing the buck' remedies of euro-officials
Member of
Cataloging source
UK-WkNB
http://library.link/vocab/creatorDate
1951-
http://library.link/vocab/creatorName
Brown, Brendan
Index
no index present
Literary form
non fiction
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Palgrave Connect (Online service)
http://library.link/vocab/subjectName
  • Monetary unions
  • Monetary policy
  • European Union countries
  • European Central Bank.
Label
Euro crash : the exit route from monetary failure in Europe, Brendan Brown, (electronic book)
Instantiates
Publication
Contents
Introduction -- Euro Indictment -- Origins of the Euro-Bubble -- The Bursting of the Bubble -- The Trial EMU is Dead: Long Live EMU!
Control code
9780230369191
Edition
2nd rev. ed.
Extent
224 p.
Form of item
electronic
Governing access note
Users can print and/or download individual articles/chapters and other individual items from Palgrave Connect ebooks, limited to no more than one chapter per title per authorised user
Isbn
9780230369191
Specific material designation
remote
Type of computer file
PDF
Label
Euro crash : the exit route from monetary failure in Europe, Brendan Brown, (electronic book)
Publication
Contents
Introduction -- Euro Indictment -- Origins of the Euro-Bubble -- The Bursting of the Bubble -- The Trial EMU is Dead: Long Live EMU!
Control code
9780230369191
Edition
2nd rev. ed.
Extent
224 p.
Form of item
electronic
Governing access note
Users can print and/or download individual articles/chapters and other individual items from Palgrave Connect ebooks, limited to no more than one chapter per title per authorised user
Isbn
9780230369191
Specific material designation
remote
Type of computer file
PDF

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