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A History of Interest Rates

A History of Interest Rates by Sidney Homer
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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.
Wiley; September 2005
736 pages; ISBN 9781118046227
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Title: A History of Interest Rates
Author: Sidney Homer; Richard Sylla
 
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ISBNs
0471784567
9780471732839
9780471784562
9781118046227