ENGLISH

A history of interest rates

By Richard Sylla , Sidney Homer

Book information

Publisher
Wiley
Year
2005
ISBN
0471732834, 9780471732839, 9781118046227
Google Books ID
aASnQujNgzoC
Language
english
Format
EPUB
Filesize
21 MB (22225422 bytes)
Series
Wiley Finance
Edition
4
Pages
736\0
Time added
2013-09-07 00:31:14

Description

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 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.

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