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Financial Markets and Economic Performance

A Model for Effective Decision Making

  • Book
  • © 2021

Overview

Authors:
  1. John E. Silvia

    1. Captiva, USA

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  • Explores the interplay between financial markets and macroeconomic outcomes with a conceptual framework

  • Emphasizes the interrelationships between four markets: goods, credit (both bank and bond market channels), equity capital, and foreign exchange

  • Provides insight on how to anticipate market change and future price paths

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Table of contents (12 chapters)

  1. Front Matter

    Pages i-xxiii
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  2. Why Finance Matters for Economics: The Story of Financing the Railroad

    • John E. Silvia
    Pages 1-47

  3. The Story of the Original Boom and Bust in Western Finance: The Mississippi Bubble

    • John E. Silvia
    Pages 49-94

  4. Price Determination in a Multi-Sector Global Economy

    • John E. Silvia
    Pages 95-146

  5. Credit Allocation and the Role of Interest Rates as the Price of Credit

    • John E. Silvia
    Pages 147-181

  6. Short-Term Credit: Bridging the Next Few Years

    • John E. Silvia
    Pages 183-214

  7. Capital Markets: Financing Business Over the Long Term

    • John E. Silvia
    Pages 215-250

  8. Dynamics of Corporate Finance: What Motivates Change?

    • John E. Silvia
    Pages 251-274

  9. Evolution of Household Finances

    • John E. Silvia
    Pages 275-306

  10. Capital Flows: The Dollar and Global Capital Allocation

    • John E. Silvia
    Pages 307-344

  11. Profits: Rewards and Incentives in an Economic System to Allocate Capital

    • John E. Silvia
    Pages 345-369

  12. Equity Finance: Financing Innovation and Long-Term Household Wealth

    • John E. Silvia
    Pages 371-401

  13. Sovereign Finance: When Economic Growth and Sovereign Debt Are a Mismatch

    • John E. Silvia
    Pages 403-440

  14. Back Matter

    Pages 441-453
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Keywords

About this book

Effective decision making requires understanding of the underlying principles of financial markets and economics. Intellectually, economics and financial markets are genetically intertwined although when it comes to popular commentary they are treated separately. In fact, academic economic thinking appears separate from financial market equity strategy in most financial market commentary. Historically, macroeconomics tended to assume away financial frictions and financial intermediation whereas financial economists did not necessarily consider the negative macroeconomic spill overs from financial market outcomes.

In more recent years, the economic discipline has gone through a serious self-reflection after the global crisis. This book explores the interplay between financial markets and macroeconomic outcomes with a conceptual framework that combines the actions of investors and individuals. Of interest to graduate students and those professionals working in the financial markets, it provides insight into why market prices move and credit markets interact and what factors participants and policy makers can monitor to anticipate market change and future price paths.

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Authors and Affiliations

  • Captiva, USA

    John E. Silvia

About the author

John Silvia is currently President of Dynamic Economic Strategy, LLC. Formerly, John was managing director and the chief economist for Wells Fargo Securities until July 2018. Based in Charlotte, North Carolina, he held that position since he joined Wachovia, a Wells Fargo predecessor, in 2002 as the company’s chief economist. Before his position at Wells, John worked on Capitol Hill as senior economist for the U.S. Senate Joint Economic Committee and chief economist for the U.S. Senate Banking, Housing and Urban Affairs Committee. Before that, he was chief economist of Kemper Funds and managing director of Scudder Kemper Investments, Inc. beginning in 1982. John holds B.A. and Ph.D. degrees in economics from Northeastern University in Boston and has a master’s degree in economics from Brown University.

Bibliographic Information

  • Book Title: Financial Markets and Economic Performance

  • Book Subtitle: A Model for Effective Decision Making

  • Authors: John E. Silvia

  • DOI: https://doi.org/10.1007/978-3-030-76295-7

  • Publisher: Palgrave Macmillan Cham

  • eBook Packages: Economics and Finance, Economics and Finance (R0)

  • Copyright Information: The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG 2021

  • Hardcover ISBN: 978-3-030-76294-0Published: 01 August 2021

  • Softcover ISBN: 978-3-030-76297-1Published: 02 August 2022

  • eBook ISBN: 978-3-030-76295-7Published: 31 July 2021

  • Edition Number: 1

  • Number of Pages: XXIII, 453

  • Number of Illustrations: 2 b/w illustrations, 131 illustrations in colour

  • Topics: Macroeconomics/Monetary Economics//Financial Economics

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