Theory of Debt, Its Proper Role, and Leverage Cycles - Financial Markets Lecture

Explore the theoretical determinants of interest rates in this lecture from Yale University's Financial Markets course. Delve into Eugen von Boehm-Bawerk's analysis of technical progress, roundaboutness, and time preference, complemented by Irving Fisher's modeling approaches. Learn about present discounted values, pricing of various bond types, and the term structure of interest rates. Gain insights into the history of usurious loan practices and recent improvements in consumer financial protection. The lecture covers topics such as savings market equilibrium, Robinson Crusoe economies, forward rates, and the expectations theory of interest rates. Discover the ancient origins of interest rates and the role of the Consumer Financial Protection Bureau in modern finance.

- Chapter 1. Introduction.
- Chapter 2. Theories for the Determinants of Interest Rates .
- Chapter 3. Present Discounted Values, Compounding, and Pricing Bond Contracts .
- Chapter 4. Forward Rates and the Term Structure of Interest Rates .
- Chapter 5. The Ancient History of Interest Rates and Usurious Loans .
- Chapter 6. Elizabeth Warren and the Consumer Financial Protection Bureau.