A History of Interest Rates

Front Cover
John Wiley & Sons, Mar 23, 2011 - Business & Economics - 736 pages
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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User Review  - name99 - LibraryThing

I guess the author wanted to limit himself to the specific task of recording interest rates, not interpreting them, but the fact is that after a while I found myself skimming this. If he'd been able ... Read full review

Contents

Foreword by Dr Henry Kaufman
57
Part Two Medieval and Renaissance Europe
65
the Dark Ages
80
Late Medieval times
87
the Renaissance
102
A summary and Analysis of Medieval and Renaissance
132
Part Three Modern Europe and North America to 1900
143
england in the eighteenth Century
145
england in the twentieth Century
437
France
462
switzerland Austria the netherlands Belgium Germany Italy
523
Canada in the twentieth Century
545
summary and Analysis of Interest Rates in europe and north America since 1700
554
Part Five Other Countries and the 1990s
571
Japan
575
Australia new Zealand south Africa India and Pakistan
586

europe in the eighteenth Century
164
england in the nineteenth Century
178
France in the nineteenth Century
213
other european Countries in the nineteenth Century
230
the United states in the eighteenth and nineteenth Centuries
270
Part Four Europe and North America Since 1900
323
19001945
329
19461990
366
Russia
598
China
613
Latin America
626
19902005
642
notes
673
Index
693
Copyright

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About the author (2011)

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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