07/11/17

7/11/17: 800 years of bond markets cycles



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7/11/17: 800 years of bond markets cycles
// Silver For The People

trueeconomics.blogspot.com / by Constantin Gurdgiev / Tuesday, November 7, 2017

An interesting new working Paper from the BofE, titled "Eight centuries of the risk-free rate: bond market reversals from the Venetians to the 'VaR shock'" (Bank of England, Staff Working Paper No. 686, October 2017) by Paul Schmelzing looks at new data for "the annual risk-free rate in both nominal  nd real terms going back to the 13th century."

Such a long horizon allows the ....

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