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How the Virus of Asset Price Inflation Infected EMU

Brendan Brown

Chapter 3 in Euro Crash, 2014, pp 34-86 from Palgrave Macmillan

Abstract: Abstract The global credit bubble in the early and mid 2000s and its sequel of great financial panic and great recession have set off a long search for the culprits. The investigation has been fundamentally historical rather than criminal. The actions and flaws of institutions and individuals have come under scrutiny. The investigators have also turned to wider social and economic forces which in combination might have been responsible for the disaster.

Keywords: Monetary Policy; Central Bank; Price Level; Credit Market; Monetary Union (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-37149-2_3

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DOI: 10.1057/9781137371492_3

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