| A History of Interest Rates |
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Binding: Paperback Dewey Decimal Number: 332.809 EAN: 9780813522883 Edition: 3 Revised ISBN: 0813522889 Label: Rutgers University Press Manufacturer: Rutgers University Press Number Of Items: 1 Number Of Pages: 712 Publication Date: 1996-04 Publisher: Rutgers University Press Studio: Rutgers University Press Related Items:
Browse for similar items by category: Click to Display Editorial Review: Product Description: A study of interest rates and cycles, and of credit forms, throughout recorded history. It covers ancient times and Europe in the Middle Ages and Renaissance, Europe and North America before and after 1900, as well as Japan, Russia, China, and other countries in Asia, Africa, and Latin America. Average Rating:  Rating: - SuperbMany might say that a book of this subject matter would be incredibly dry and boring. But if one reads it from cover to cover, as was the case for this reviewer, one will find it to be packed with fascinating information and insights on almost three thousand years of financial history. Nearly every culture and geography is represented as the authors take the reader on a roller coaster ride over the hills and valleys of lending policies and usury in both private and public contexts. There are many ... Read More Rating: - Pure History, Little InsightSidney Homer delivers what he promised - a lengthy and extremely detailed history of interest rates. Almost completely absent is any commentary on why interest rates have changed through history. Any observations of cause and effect are left up to the reader to discern. But as a pure history text, the book is readable and thorough both in breadth and depth. Rating: - Opening a Window to Fixed Income Securities of Eras PastThis 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 ... Read More Rating: - One of the ten books every speculator should read.Financial assets grow in value with the passage of time. For debt, we call this "interest", and for equity, we call it "yield". Homer's book is the superbly recorded history of this phenomenon. Perhaps its greatest value is that when you hear or read a new theory, you can assess its validity by comparing the theory's implications with the historical evidence. |
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