Monetary Scenarios

Fiat currency central banks claim to fight the inflation they cause, and likewise to offset the financial instability and systemic risk they create. The depreciation of the currencies they issue at will often cause falls in foreign exchange value, goods and services inflation, or asset price inflations. Of these, asset price inflations are the most …

Euro Crash: How Asset Price Inflation Destroys the Wealth of Nations Read More »

Originally published in 1987, The Flight of International Capital provides a fascinating comprehensive analysis of the history of international money movements. Taking 1931 as the turning point between old-style and modern methods of conducting monetary affairs, the book relates currency shifts and investment trends to political events. He deals with five eras in the history of international …

The Flight of International Capital A Contemporary History Read More »

First published in 1988, this reissue reconstructs the reaction of financial markets to war, defeat, and revolution in Europe, from the assassination of Archduke Franz Ferdinand in June 1914, to the bankruptcy of Germany in July 1931. Dr. Brown demonstrates how the contemporary investor can improve the wisdom of his decisions by gaining an understanding …

Monetary Chaos in Europe (Routledge Revivals): The End of an Era Read More »

Brendan Brown reconstructs the reaction of financial markets to war, defeat and revolution in Europe between the Wars, and suggests that contemporary investor can the benefit from an understanding of these years.