The first and second editions of the late Sidney Homer's book, A History of Interest Rates, were classic books for those interested in business history and economics, with a remarkable coverage across time and space. This new third edition is even more thorough. It is a comprehensive study of interest rate trends and cycles, and of credit forms, throughout recorded history. It covers ancient times and Europe in the Middle Ages and Renaissance, the nations of Europe and North America before and after 1900, as well as Japan, Russia, China, and other countries in Asia, Africa, and Latin America. Richard Sylla has revised and updated this book for the third edition, which now carries the history of interest rates to 1989. Highlights of the new edition include documentation of the recent ascent of interest rates throughout the world to their highest levels since the Middle Ages, a great deal of new information on Japan and the European Economic Community, more information on real interest rates and consumer interest rates, expanded treatment of the United States, and updated charts and tables. New credit forms, including inflation-indexed loans and securities, and the economic concept of real interest rates, are discussed. The market for U.S. government debt, which has become the largest financial market in history, receives extensive coverage. Superb graphs visually portray all this information. This is an invaluable reference book for anyone working in the fields of business, economics, finance, or banking.

History Of Interest Rates

Homer, Professor Sidney

Business & Money

Rutgers University Press

The late Sidney Homer published the First Edition of A History of Interest Rates in 1963 because he believed that a comprehensive history of this universal and basic economic and commercial price was necessary. Now in its Fourth Edition, A History of Interest Rates has become a classic in the fields of economics and finance.
This one-of-a-kind guide 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 updated Fourth Edition provides a historical perspective of interest rate movements as well as a new chapter of contemporary material and added discussions of interest rate developments over the past ten years.
A sampling of eras and areas covered include:
<ul>
<li>Ancient Times: Mesopotamia, Greece, and Rome</li>
<li>Medieval Times and Renaissance Europe: Italy, Spain, Germany, France, and more</li>
<li>Modern Europe and North America to 1900: England, France, and other European countries, as well as the United States</li>
<li>Europe and North America since 1900: England, France, Germany, and Italy, as well as Canada and the United States</li>
<li>Other countries and regions in the 1900s: Japan, Russia, China, and Latin America</li>
</ul>

A History of Interest Rates: Third Edition, Revised

Economics

A History of Interest Rates

Finance

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