John Calverley is Chief Economist and Strategist at American Express Bank, responsible for providing fundamental economic input to the Banks Treasury, Asset Management and Credit functions world-wide as well as to senior management. He edits the Banks suite of publications on economic and market trends, Economics for Investment. He also writes for various journals and magazines and appears frequently on CNN, CNBC, BBC and other TV stations. He is currently Chairman of the Society of Business Economists. He was educated at the universities of Cambridge and Washington and is the author of Economics for Investors (Probus, 1995) and Country Risk Analysis (Butterworths, 1990).

"…a useful primer in economics for the beginner in financial markets…" (The Business Economist, Vol.34, No.2, 2003)

• List of Figures. List of Tables.Preface.Acknowledgements.PART I: ECONOMICS FOR INVESTORS.Why Economic Growth Matters.Business Cycle Fundamentals.Is Inflation Dead?The New Economy: Myth or Reality.Understanding Central Banks.Fiscal Policy.Asset Prices and the Economy.Globalisation and Capital Flows.International Linkages.Emerging Economies.PART II: THE FUNDAMENTALS OF MAJOR ASSET CLASSES.Money Markets.Bond Markets.Stock Markets.Currency Markets.Property Markets.Emerging Markets Investments.Commodity Markets.PART III: SUMMARY AND CONCLUSIONS.Summary: Economic Fundamentals and Market Performance.Economic Fundamentals and the Investment Process.Ten Years of Changing Fundamentals.Useful Websites.Glossary.Index.

John Calverley is Chief Economist and Strategist at American Express Bank, responsible for providing fundamental economic input to the Banks Treasury, Asset Management and Credit functions world-wide as well as to senior management. He edits the Banks suite of publications on economic and market trends, Economics for Investment. He also writes for various journals and magazines and appears frequently on CNN, CNBC, BBC and other TV stations. He is currently Chairman of the Society of Business Economists. He was educated at the universities of Cambridge and Washington and is the author of Economics for Investors (Probus, 1995) and Country Risk Analysis (Butterworths, 1990).

"…a useful primer in economics for the beginner in financial markets…" (The Business Economist, Vol.34, No.2, 2003)

• List of Figures. List of Tables.Preface.Acknowledgements.PART I: ECONOMICS FOR INVESTORS.Why Economic Growth Matters.Business Cycle Fundamentals.Is Inflation Dead?The New Economy: Myth or Reality.Understanding Central Banks.Fiscal Policy.Asset Prices and the Economy.Globalisation and Capital Flows.International Linkages.Emerging Economies.PART II: THE FUNDAMENTALS OF MAJOR ASSET CLASSES.Money Markets.Bond Markets.Stock Markets.Currency Markets.Property Markets.Emerging Markets Investments.Commodity Markets.PART III: SUMMARY AND CONCLUSIONS.Summary: Economic Fundamentals and Market Performance.Economic Fundamentals and the Investment Process.Ten Years of Changing Fundamentals.Useful Websites.Glossary.Index.

John Calverley is Chief Economist and Strategist at American Express Bank, responsible for providing fundamental economic input to the Banks Treasury, Asset Management and Credit functions world-wide as well as to senior management. He edits the Banks suite of publications on economic and market trends, Economics for Investment. He also writes for various journals and magazines and appears frequently on CNN, CNBC, BBC and other TV stations. He is currently Chairman of the Society of Business Economists. He was educated at the universities of Cambridge and Washington and is the author of Economics for Investors (Probus, 1995) and Country Risk Analysis (Butterworths, 1990).

"…a useful primer in economics for the beginner in financial markets…" (The Business Economist, Vol.34, No.2, 2003)

• List of Figures. List of Tables.Preface.Acknowledgements.PART I: ECONOMICS FOR INVESTORS.Why Economic Growth Matters.Business Cycle Fundamentals.Is Inflation Dead?The New Economy: Myth or Reality.Understanding Central Banks.Fiscal Policy.Asset Prices and the Economy.Globalisation and Capital Flows.International Linkages.Emerging Economies.PART II: THE FUNDAMENTALS OF MAJOR ASSET CLASSES.Money Markets.Bond Markets.Stock Markets.Currency Markets.Property Markets.Emerging Markets Investments.Commodity Markets.PART III: SUMMARY AND CONCLUSIONS.Summary: Economic Fundamentals and Market Performance.Economic Fundamentals and the Investment Process.Ten Years of Changing Fundamentals.Useful Websites.Glossary.Index.