Europe's Century of Crises Under Dollar Hegemony: A Dialogue on the Global Tyranny of Unsound Money

ISBN-13: 9783030466527 / Angielski / Miękka / 2020 / 233 str.

Brendan Brown; Philippe Simonnot

Spis treści

Part I. Introduction

Chapter 1. The Tyranny of Unsound Money

Part II. Dialogue

Chapter 2. Phobia of Deflation

Chapter 3. The Great War and the End of the Gold Standard

Chapter 4. From Birth of Dollar Hegemony Towards the 1929 Crisis

Chapter 5. Explaining 1929

Chapter 6. How Gold Financed Nazi Germany

Chapter 7.  Bretton Woods: The False Gold Standard

Chapter 8. The Strategic Choice for Germany

Chapter 9. For or Against Friedman

Chapter 10. How the Euro Was Born

Chapter 11. Trichet in Front of Trichet

Chapter 12. The Great Crisis of 2008

Chapter 13. American Capitalism Versus European Capitalism

Chapter 14. The Submission of the Euro to the 2% Inflation Standard

Chapter 15. Draghi: “Whatever It Takes”

Chapter 16. The Greek Crisis

Chapter 17. Banking Union

Chapter 18. The Underperformance of Europe

Chapter 19. The Balance Sheet of Draghi

Chapter 20. The Principles of the New Euro

Chapter 21. The Launch of the New Euro

Part III. Conclusion

Chapter 22. At the Heart of the World

Epilogue. Pandemic and Crash 2020

O autorze

Brendan Brown is a Senior Research Fellow of the Hudson Institute, Washington, DC, and an Associate Scholar at the Mises Institute (USA). He is a founding partner of Macro Hedge Advisors LLP. Formerly Brendan was Head of Economic Research at Mitsubishi UFJ Financial Group (Europe). His areas of expertise include monetarism in theory and practice, Austrian School monetary tradition, European monetary integration, Japanese monetary issues, the global flow of capital, and international financial history. Brendan has published many books on contemporary finance and financial history. He received a PhD from the University of London, a MBA from the University of Chicago, a MSc from the London School of Economics, and an undergraduate degree from Cambridge University.

Philippe Simonnot is a French economist. He was professor of Law and Economics at the University of Paris Sorbonne and Paris Nanterre and has a doctorate in economics. He is the author of many books on history and economics, particularly in the monetary field. His latest book is Nouvelles leçons d’économie contemporaine (2018). He also publishes columns on economic affairs in the press, particularly Le Monde. 

Blurb

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.