Publisher Description

Euro Crash diagnoses the three fatal design flaws in EMU as constructed by the Maastricht Treaty and analyses future likely monetary scenarios for Europe, demonstrating how the best of these would be the creation of a new narrow monetary union between France and Germany founded on strict monetarist principle and without a European Central Bank.

Notes

Shows how European Monetary Union became a main engine of the global credit bubble and puts forward a set of remedies which would reduce the danger of further economic debacle

Table of Contents

Introduction Euro Indictment Origins of the Euro-Bubble The Bursting of the Bubble The Trial EMU is Dead: Long Live EMU!

Review

'The majority of economic analysts, especially those in financial markets, follow governments, central banks and international institutions in trusting to large-scale macroeconomic forecasts...Brendan Brown...belongs to the select band of commentators who prefer to derive their analysis from the market prices of key variables. For this reason alone he deserves our attention.' - The Financial Times'...an insightful little book...' -

Long Description

Euro Crash addresses the number one issue in international economics and finance " the causes of the global credit bubble and bust. Amidst the current investigations to determine blame and remedies, European Monetary Union (EMU) and the European Central Bank (ECB) have hitherto remained outside the target areas for research. This book, a sequel to the well-received Euro on Trial (hailed by International Business Review as 'the euro-sceptic's bible') corrects that omission, arguing that the launch of a deeply-flawed EMU, together with subsequent grave policy errors by the ECB, played key roles in providing fuel for the looming economic and financial disasters. Dr. Brown explores the possible remedies which would improve the functioning of EMU, including a complete re-vamp of the ECB's monetary framework.

Review Quote

"The majority of economic analysts, especially those in financial markets, follow governments, central banks and international institutions in trusting to large-scale macroeconomic forecasts...Brendan Brown...belongs to the select band of commentators who prefer to derive their analysis from the market prices of key variables. For this reason alone he deserves our attention." -The Financial Times "...an insightful little book..." -

Description for Bookstore

Shows how European Monetary Union became a main engine of the global credit bubble and puts forward a set of remedies which would reduce the danger of further economic debacle

Details