Global Monetary Plague

Asset Price Inflation and Federal Reserve Quantitative Easing

Автор: Brendan Brown

Език:

Корици: С твърди корици

Издател: PALGRAVE MACMILLAN

Наличност: Външен склад в ограничено количество

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90.39 € 176.80 лв

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

Информация за книгата

Автор

Brendan Brown

Език

Английски език

Корици

Книга - С твърди корици

Издадена

2015

страници

239

EAN

9781137478849

ISBN

1137478845

Enbook ID

09238046

Издател

PALGRAVE MACMILLAN

Теглоt

458

Размери

144 x 224 x 21

Пълно описание

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

Информация за книгата

Пълно описание

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Клиенти, които купиха тази книга, купиха също