Andres David Drobny | |
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Born | November 14, 1954 |
Nationality | American |
Education | PhD, King's College, Cambridge |
Occupation(s) | Macroeconomist, foreign exchange specialist |
Known for | Predictions about the European Exchange Rate Mechanism collapse, Icelandic Krona Danger, 2008 Financial Crisis |
Notable work | Real Wages & Employment: Keynes, Monetarism and the Labour Market |
Andres David Drobny (born November 14, 1954) is an American macroeconomist and foreign exchange specialist.[1] Drobny first gained prominence as a contrarian around the time of the Maastricht Agreement in December 1991, which led to the establishment of the European single currency. Contrary to the prevailing optimism, Drobny predicted instability within the European Exchange Rate Mechanism (ERM). His warnings were validated when the ERM disintegrated nine months later, causing significant economic and currency turmoil.[2][3]