A History of Interest Rates, Fourth Edition (Wiley Finance) |
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You Are Here: Home > History Books > Holland History > Item 122
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A History of Interest Rates, Fourth Edition (Wiley Finance)
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by Sidney Homer and Richard Sylla
Sales Rank: 125809
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List Price: $80.00
$50.40
At Amazon
on 11-17-2008.
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Features
Cover Type: Hard Cover with 710 pages
Published by: WileyEdition: 4th Edition August 29, 2005
Written in: English
ISBN 10 Number: 0471732834
ISBN 13 Number: 978-0471732839
Book Dimensions:
9.1 x 6.4 x 2.3 inches
Weighs: 2.2 pounds
Product 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.
From the Inside Flap
The late Sidney Homer published the First Edition of A History of Interest Rates in 1963-a time when interest rates weren't making front-page news-because he believed that a comprehensive history of this universal and basic economic and commercial price was necessary. More than forty years later, A History of Interest Rates has become a classic in the fields of economics and finance.
A History of Interest Rates, Fourth Edition presents a readable account of interest rate trends and lending practices spanning over four millennia of economic history. Filled with in-depth insights and illustrative charts and tables, this unique resource provides a broad perspective on interest rate movements-from which financial professionals can evaluate contemporary interest rate and monetary developments-and applies analytical tools, such as yield-curve averaging and decennial averaging, to the data available.
A History of Interest Rates, Fourth Edition offers a highly detailed analysis of money markets and borrowing practices in major economies. It places the rates and corresponding credit forms in context by summarizing the political and economic events and financial customs of particular times and places, including: - Ancient Times: Mesopotamia, Greece, and Rome
- Medieval Times and Renaissance Europe: Italy, Spain, Germany, France, and more
- Modern Europe and North America to 1900: England, France, and other European countries, as well as the United States
- Europe and North America since 1900: England, France, Germany, and Italy, as well as Canada and the United States
- Other countries and regions in the 1900s: Japan, Russia, China, and Latin America
Much has transpired in the financial world since the last edition of A History of Interest Rates was published. New credit instruments have been introduced, the volume of outstanding fixed-income obligations has exploded, and capital now moves across the globe quicker than ever before. To help you stay as current as possible, this revised and updated Fourth Edition contains a new chapter of contemporary material as well as added discussions of interest rate developments over the past ten years.
Interest rates in the twenty-first century are as much a subject of political and economic controversy as they were in antiquity. Today, they even provide a trail of clues into a nation's economic, political, and financial market health. With A History of Interest Rates, Fourth Edition as your guide, you'll discover just how important interest rates have always been and how you can take advantage of the information embedded within them.
Reader Reviews
This review is from: A History of Interest Rates (Paperback)
This exceptionally written, highly readable volume, written by a true pioneer in bond trading and fixed income research, covers interest rate trends and lending practices spanning over four millennia of economic history. Despite the paucity of data prior to the Industrial Revolution, the book manages to present a highly detailed analysis of money markets and borrowing practices in major economies. A History of Interest Rates seeks to provide a helicopter perspective of interest rate movements, avoiding anecdotal indications if possible and applying analytical tools such as yield curves and decennial averaging of the available data. Homer asserts 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 unprecedented rise in asset price volatility and the emergence of extraordinary inflation rates during twentieth-century episodes of economic distress--occurrences which were nearly imponderable during the nineteenth century--it would seem that we are now living in times of eschatological excess, which is actually one of the understated themes in this book's third edition. This book should be part of the library of every investment analyst, together with such finance classics as Graham and Dodd's Security Analysis and Lefevre's Reminiscences of a Stock Operator.
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A History of Interest Rates, Fourth Edition (Wiley Finance)
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Price: $50.40
Updated on 11-17-2008.
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