Brendan Brown Knihy

Focusing on the role of economists in financial markets, the book analyzes historical events like the Wall Street Crash of 1929 and the impact of natural disasters, such as the Japanese earthquake. It examines how markets respond to various financial crises and events, offering insights into economic behavior and decision-making processes. The exploration of these diverse incidents provides a comprehensive understanding of market dynamics and the influence of economic theory on real-world situations.

The book examines the consequences of the Federal Reserve's monetary policies during the Obama Administration, describing them as a 'monetary plague' that distorted financial market signals. It critiques quantitative easing for failing to foster economic recovery post-Great Recession, leading instead to asset price inflation, financial speculation, and a surge in private equity. The author contextualizes these events within historical and global frameworks, drawing on various economic theories and proposing reforms for both the economy and investor strategies.

The sequel explores the role of the European Monetary Union in fueling the global credit bubble, highlighting its impact on the economy. It critiques the current policy-making framework of the European Central Bank and proposes a series of remedies aimed at mitigating the risks of future economic crises. The book delves into the systemic flaws that contributed to the financial instability, offering insights for reform and stability within the European financial system.

The book explores the impact of significant historical events, such as war, defeat, and revolution, on European financial markets from 1914 to 1931. It offers insights into how understanding this financial history can enhance contemporary investment decisions. The author, Dr. Brown, emphasizes the importance of analyzing past political and economic scenarios to better assess their potential recurrence and inform investment strategies.

This book showcases written dialogue from Brendan Brown and Philippe Simonnot on the subject of European monetary turmoil past and present and what hope there could be for future reform. Starting with the collapse of the gold standard in 1914, proceeding to the brief gold-dollar standard of the mid inter-war years, on to the collapse of Bretton Woods and the heyday of the Deutsche mark and ultimately discussing the euro, this book looks at a broad range of financial history alongside many new and provoking hypotheses about the devastating monetary turbulence of the successive eras, always with a focus on the US monetary hegemon. A highlight of the dialogue is an exploration of how past and future crises could combine to give birth to sound money in Europe – the launch, in effect, of a new euro. In the questions and answers within these pages, the authors draw on global examples and the challenges for Europe in deciding how to adapt to successive monetary shocks from the US, crafting a book that would be of interest to general finance and economics readers alongside students, researchers, and policymakers.

Originally published in 1983. With the prevailing uncertainties and wild fluctuation in exchange values at the time, the forward market in foreign exchange had become a vital issue for both governments and business corporations. This book by an expert practitioner in foreign exchange dealing describes how the forward market functions and analyses the constituent elements in its behaviour. The two principal types of foreign exchange deal are examined; forward outright and swap, and explanations are given of how both operate. The linkage between forward rates and interest rates is also considered and the book investigates what factors cause deviation from parity conditions. In addition, there is a discussion of political risk and the forward contract and the role of speculation in forward exchange as well as the methods of hedging.

This book analyses the controversial and critical issue of 2% inflation targeting, currently practised by central banks in the US, Japan and Europe. Where did the 2% target inflation originate, and for what reason? Do these reasons stand up to scrutiny? This book explores these key questions, contributing to the growing debate that the global 2% inflation standard prescribed by the central banks in the advanced economies globally is actually contributing to the economic malaise of these nations. It presents novel theoretical perspectives, intertwined with historical and market understanding, and features analysis that draws on monetary theory (including Austrian school), behavioural finance, and finance theory. Alongside rigorous analysis of the past and present, the book also features forward looking chapters, exploring how the 2% global inflation standard could collapse and what would ideally follow its demise, including a new look at the role of gold.

This is doubly regrettable, as the better money functions at an individual level in satisfying demand for quality, the better it is for economic prosperity and freedom.This book presents how modern money works both in the domestic economy and globally, outlining the essence of what makes good money.