Global Monetary Plague

Asset Price Inflation and Federal Reserve Quantitative Easing

Autor: Brendan Brown

Limbă:

Legare: Copertă tare

Editura: PALGRAVE MACMILLAN

Disponibilitate: În depozitul extern în cantități mici

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The Great Monetary Experiment designed and administered by the Federal Reserve under the Obama Admin...

Informații despre carte

Autor

Brendan Brown

Limbă

engleză

Legare

Carte - Copertă tare

Publicat

2015

Pagini

239

EAN

9781137478849

ISBN

1137478845

Enbook ID

09238046

Editura

PALGRAVE MACMILLAN

Greutate

458

Dimensiuni

144 x 224 x 21

Descriere completă

The Great Monetary Experiment designed and administered by the Federal Reserve under the Obama Administration unleashed strong irrational forces in global asset markets. The result of this experiment was a 'plague' of market irrationality which has attacked and corrupted the vital signaling function of financial market prices. This book analyses how quantitative easing caused a sequence of markets to become infected by asset price inflation. It explains how instead of bringing about a quick return to prosperity from the Great Recession, the monetary experiment failed in its basic purpose. Bringing about economic debilitation, major financial speculation, waves of mal-investment in particular areas, and a boom in the private equity industry, the experiment instead produced monetary disorder. Dr. Brown puts the monetary experiment into a global and historical context, examining comparable European and Japanese movements, as well as the Federal Reserve's first experiment of quantitative easing in the mid-1930s. The author couples analysis from the Austrian school of monetary economics and Chicago monetarism with insights from behavioral finance, and concludes with major proposals for the present and the future, including ideas for monetary reform in the United States, and suggestions for how investors can survive the current market 'plague'.

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Global Monetary Plague

Asset Price Inflation and Federal Reserve Quantitative Easing

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