Euro Crash

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. 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

'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...' - Welling@weeden.com

Autorentext
BRENDAN BROWN International economist practising in London, UK. He has authored many books on international financial topics, including monetary problems in US, Europe and Japan and asset market pricing (including exchange rates) in a global context. The bookscover both contemporary trends and historical topics. Dr. Brown is a regular contributor to Japanese and European financial media. He was awarded a PhD by London School of Economics and MBA by University of Chicago.

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