| 000 | 01830nam a2200313 i 4500 | ||
|---|---|---|---|
| 001 | 9780241569160 | ||
| 003 | StDuBDS | ||
| 005 | 20240319112459.0 | ||
| 008 | 220301s2022 xxkaf f b 001|0 eng|d | ||
| 020 |
_a9780241569160 _qhbk. _c£25.00 |
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| 020 |
_z9781802060164 _qePub ebook _c£24.99 |
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| 040 |
_aStDuBDS _beng _cStDuBDS _erda |
||
| 050 | 4 |
_aHB539 _b.C4 2022 |
|
| 082 | 0 | 4 |
_a332.8 _223 |
| 100 | 1 |
_aChancellor, Edward, _d1962- _eauthor. |
|
| 245 | 1 | 4 |
_aThe price of time : _bthe real story of interest / _cEdward Chancellor. |
| 264 | 1 |
_aUK : _bAllen Lane, _c2022. |
|
| 300 |
_axxvi, 398 pages, 8 unnumbered pages of plates : _billustrations (black and white) ; _c24 cm |
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| 336 |
_atext _2rdacontent |
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| 336 |
_astill image _2rdacontent |
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| 337 |
_aunmediated _2rdamedia |
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| 338 |
_avolume _2rdacarrier |
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| 504 | _aIncludes bibliographical references and index. | ||
| 520 | 8 | _aCapitalism and interest are inseparable, yet over the centuries whenever interest rates have collapsed and money was too easy, financial markets have become unstable. In the first two decades of the twenty-first century, interest rates have sunk lower than at any time in the five millennia since they were first recorded. In an unprecedented move, negative interest rates were introduced in Europe and Japan, causing trillions of dollars' worth of bonds to trade at negative yields. Monetary policymakers appear blithe to the unintended consequences of their actions. Yet given the essential function of interest in determining how capital is allocated and priced, and its role in regulating financial risk, it is not clear that capitalism can thrive or even survive under these conditions. | |
| 521 | _aSpecialized. | ||
| 650 | 0 |
_aInterest rates. _934938 |
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| 650 | 0 |
_aCapitalism. _925342 |
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| 650 | 0 |
_aInternational finance. _924565 |
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| 999 |
_c79826 _d79826 |
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