A History of Interest Rates
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A History of Interest Rates
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See morePresents an account of interest rate trends and lending practices over four millennia of economic history. This title offers an analysis of money markets and borrowing practices in major economies.
A History of Interest Rates presents a very readable account of interest rate trends and lending practices over four millennia of economic history. Despite the paucity of data prior to the Industrial Revolution, authors Homer and Sylla provide a highly detailed analysis of money markets and borrowing practices in major economies.
Underlying the analysis is their assertion that "the free market long-term rates of interest for any industrial nation, properly charted, provide a sort of fever chart of the economic and political health of that nation."
Given the enormous volatility of rates in the 20th century, this implies we're living in an age of political and economic excesses that are reflected in massive interest rate swings. Gain more insight into this assertion by ordering a copy of this book today.
Series: Wiley Finance
View allBook Details
INFORMATION
ISBN: 9780471732839
Publisher: John Wiley & Sons Inc
Format: Hardback
Date Published: 13 September 2005
Country: United States
Imprint: John Wiley & Sons Inc
Edition: 4th edition
Illustration: Charts: 91 B&W, 0 Color; Tables: 135 B&W, 0 Color
Audience: Professional and scholarly
DIMENSIONS
Spine width: 50.0mm
Width: 159.0mm
Height: 235.0mm
Weight: 1284g
Pages: 736
About the Author
SIDNEY HOMER, who died in 1983, was a limited partner in Salomon Brothers and was the general partner in charge of the firm's bond market research department. He is best known for his pioneering and analytical works of bond market history and the economic forces that drive bond market trends.
RICHARD SYLLA is Henry Kaufman Professor of the History of Financial Institutions and Markets and a Professor of Economics, Entrepreneurship, and Innovation at NYU's Stern School of Business. He is a past president of the Economic History Association and is a trustee of the Museum of American Financial History.
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