A History of Interest Rates
Isi singkat e-book:
The spectacular rise in interest rates during the 1970’s and early 1980’s pushed many long-term market rates on prime credits up to levels never before approached, much less reached, in modern history. A long view, provided by this history, shows that recent peak yields were far above the highest prime long-term rates reported in the United States since 1800, in England since 1700, or in Holland since 1600. In other words, since modern capital markets came into existence, there have never been such high long-term rates as we had all over the world a quarter century ago.
Since 1981, interest rates have come down to levels that were typical half a cenury ago. Yet the recent fluctuations of interest rates and the succession of market crises that accompanied them imply that interest rate history continues to be dramatic. Most readers will be startled merely by the extremities of many ancient and modern interest rates. As the story of interest rates unfolds here, some readers may find profound significance in the sustained trends of interest rates upward or downward over many decades and centuries.
In the charts and tables of interest rates over long periods, students of history may see mirrored the rise and fall of nations and civilizations, the exertions and tragedies of war, and the enjoyments and the abuses of peace. They may be able to trace in the fluctuations the progress of knowledge and technology, the successes and failures of political forms, and the long, hard, and never-ending struggle of democracy with the rule of tyrants and elites.
Judul E-Book : A History of Interest Rates
Since 1981, interest rates have come down to levels that were typical half a cenury ago. Yet the recent fluctuations of interest rates and the succession of market crises that accompanied them imply that interest rate history continues to be dramatic. Most readers will be startled merely by the extremities of many ancient and modern interest rates. As the story of interest rates unfolds here, some readers may find profound significance in the sustained trends of interest rates upward or downward over many decades and centuries.
In the charts and tables of interest rates over long periods, students of history may see mirrored the rise and fall of nations and civilizations, the exertions and tragedies of war, and the enjoyments and the abuses of peace. They may be able to trace in the fluctuations the progress of knowledge and technology, the successes and failures of political forms, and the long, hard, and never-ending struggle of democracy with the rule of tyrants and elites.
Judul E-Book : A History of Interest Rates
Bahasa : Inggris
Penulis/Penyusun : Sidney Homer and Richard Sylla
Penulis/Penyusun : Sidney Homer and Richard Sylla
Website : -
Format File : PDF
Ukuran : 10,7 MB
Deskripsi singkat:
Sebuah buku yang membahas asal-muasal, 'origin', dan sejarah bunga dalam ekonomi. Homer dan Sylla mengupasnya dengan sangat baik sehingga menjadi referensi yang tak ternilai..
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