Sign-In
Cart
Interest Rates and Asset Values: A Case Study in Closed Markets
Hardcover
Series: Routledge Focus on Economics and Finance
Business GeneralEconomicsInvesting & Finance
ISBN13: 9781041341963
Publisher: Routledge
Published: Jun 10 2026
Pages: 150
Weight: 0.74
Height: 0.44 Width: 5.50 Depth: 8.50
Language: English
In the complex world of corporate strategy and market dynamics, very few questions are as fundamental as understanding what drives the value of business assets. This book presents the first comprehensive empirical analysis of the causal relationship between interest rates and asset values in closed markets, using the unique example of the UK retail pharmacy sector, a market closed by regulation for over three decades.
It uncovers a near-perfect inverse relationship between interest rates and asset values that has persisted across multiple economic cycles, pandemics, changes of government and fundamental changes in both healthcare policy and monetary policy and offers robust proof of an economic principle long theorised but never previously demonstrated so clearly in practice. The book bridges macroeconomic theory, Keynes, Monetarism, Fisher Effect, business strategy and applied policy and offers insights relevant to economists, policymakers, business professionals and anyone interested in asset valuation in regulated markets. Original contributions include the empirical proof of the interest rate - asset value link in a genuinely closed market and the introduction of the concept of quasi-real assets, a term that has rarely been used. This book turns it into a term which can be more usefully, and regularly, applied in economic debate.
While the book presents a UK case study, the principles and findings are applicable to any regulated or closed market worldwide and are particularly relevant to sectors like taxis, medical practices, broadcasting, etc. The book will appeal to researchers, scholars and advanced students in economics, business, finance and public policy, as well as policymakers, regulators, professional valuers and consultants.
Also from
Thomas, Richard
The Whiskey Cookbook: Sensational Tasting Notes and Pairings for Bourbon, Rye, Scotch, and Single Malts
Thomas, Richard
Hardcover
Jack Daniels: Behind the Bottle: The Masters, the Whiskey, and the Legend of the American Icon
Thomas, Richard
Hardcover
American Whiskey (Second Edition): Over 300 Whiskeys and 110 Distillers Tell the Story of the Nation's Spirit
Thomas, Richard
Hardcover
Anchor of Faith: The Enduring Spirit of the Black Men's Gathering
Landry, Frederick
Thomas, Richard
Paperback
Trading Strategies: 4 Books in 1 the Complete Guide to Maximize Your Profits with Forex, Options Trading, Stock Market, Day, and Swing Trading
Scott, John
Thomas, Richard
Paperback
Mandala Abstract Coloring Book: Stress Relieving Mandala Designs for All Ages 50 Premium coloring pages with amazing designs
Thomas, Richard
Paperback
Puppy Training: Boot camp: The Ultimate Guide On Training Your Puppy For Good Behaviour
Thomas, Richard
Paperback
Blackstone's Guide to the Proceeds of Crime ACT 2002
Thomas, Richard
Rees Qc, Edward
Fisher, Richard
Paperback
American Whiskey (Second Edition): Over 300 Whiskeys and 110 Distillers Tell the Story of the Nation's Spirit
Thomas, Richard
Audio Book
American Whiskey (Second Edition): Over 300 Whiskeys and 110 Distillers Tell the Story of the Nation's Spirit
Thomas, Richard
Audio Book
Reporting Elections: Rethinking the Logic of Campaign Coverage
Cushion, Stephen
Thomas, Richard
Hardcover
Also in
Economics
Requiem for the American Dream: The 10 Principles of Concentration of Wealth & Power
Chomsky, Noam
Paperback
Family, Fields, and Ancestors: Constancy and Change in China's Social and Economic History, 1550-1949
Eastman, Lloyd E.
Paperback
1929: Inside the Greatest Crash in Wall Street History--And How It Shatteredâ a Nation
Sorkin, Andrew Ross
Hardcover
Planet Money: A Guide to the Economic Forces That Shape Your Life
Mayyasi, Alex
Hosts of Npr's Planet Money
Hardcover
1873: The Rothschilds, the First Great Depression, and the Making of the Modern World
Ahamed, Liaquat
Hardcover
How to Get Rich in American History: 300 Years of Financial Advice That Worked (& Didn't)
Moore Phd, Joseph S.
Hardcover
Moral Economics: From Prostitution to Organ Sales, What Controversial Transactions Reveal about How Markets Work
Roth, Alvin E.
Hardcover
Capitalism for All: Inclusive Economics and the Future-Proofing of America
Bryant, John Hope
Hardcover
Soccernomics (2026 World Cup Edition): Why European Men and American Women Usually Win--And American Men Don't (Yet)
Kuper, Simon
Szymanski, Stefan
Paperback
Too Big to Fail: The Inside Story of How Wall Street and Washington Fought to Save the Financial System--and Themselves
Sorkin, Andrew Ross
Paperback
What Happened to Liberal Democracy?: Remaking a Politics of Shared Prosperity
Acemoglu, Daron
Hardcover
The Price of Democracy: The Revolutionary Power of Taxation in American History
Williamson, Vanessa S.
Hardcover
The Age of Extraction: How Tech Platforms Conquered the Economy and Threaten Our Future Prosperity
Wu, Tim
Hardcover
Market Wizards: The Next Generation: The World's Top Young Traders Reveal How They Beat the Market
Schwager, Jack D.
Coyle, George F.
Hardcover
Yuppies: The Bankers, Lawyers, Joggers, and Gourmands Who Conquered New York
Gottlieb, Dylan
Hardcover
1929: Inside the Greatest Crash in Wall Street History--And How It Shatteredâ a Nation (Large Print Edition)
Sorkin, Andrew Ross
Paperback
The Middle-Class New Deal: Restoring Upward Mobility and the American Dream
Dickerson, A. Mechele
Paperback
House of Fidelity: The Rise of the Johnson Dynasty and the Company That Changed American Investing
Baer, Justin
Hardcover
How to Win a Trade War: An Optimistic Guide to an Anxious Global Economy
Keynes, Soumaya
Bown, Chad P.
Hardcover
5 Steps to a 5: AP Microeconomics 2027: Practice AP Tests + AP Content Review + Digital Exams
Dodge, Eric R.
Paperback
Why Nations Fail: The Origins of Power, Prosperity, and Poverty
Robinson, James A.
Acemoglu, Daron
Paperback
Who Gets What -- And Why: The New Economics of Matchmaking and Market Design
Roth, Alvin E.
Paperback
It's on You: How Corporations and Behavioral Scientists Have Convinced Us That We're to Blame for Society's Deepest Problems
Chater, Nick
Loewenstein, George
Hardcover
Freakonomics Twentieth Anniversary Edition: A Rogue Economist Explores the Hidden Side of Everything
Dubner, Stephen J.
Levitt, Steven D.
Paperback
Broken Money: Why Our Financial System is Failing Us and How We Can Make it Better
Alden, Lyn
Paperback
A History of the United States in Five Crashes: Stock Market Meltdowns That Defined a Nation
Nations, Scott
Paperback
The Winner's Curse: Behavioral Economics Anomalies, Then and Now
Thaler, Richard H.
Imas, Alex
Hardcover
Principles for Dealing with the Changing World Order: Why Nations Succeed and Fail
Dalio, Ray
Hardcover
Blood and Treasure: The Economics of Conflict from the Vikings to the Modern Era
Weldon, Duncan
Hardcover
The Sovereign Individual: Mastering the Transition to the Information Age
Davidson, James Dale
Rees-Mogg, Lord William
Paperback
How Africa Works: Success and Failure on the World's Last Developmental Frontier
Studwell, Joe
Hardcover
Strong Towns: A Bottom-Up Revolution to Rebuild American Prosperity
Marohn, Charles L., Jr.
Hardcover
Poor Economics: A Radical Rethinking of the Way to Fight Global Poverty
Duflo, Esther
Banerjee, Abhijit V.
Paperback
Baby Steps Millionaires: How Ordinary People Built Extraordinary Wealth--And How You Can Too
Ramsey, Dave
Hardcover
Predictably Irrational, Revised and Expanded Edition: The Hidden Forces That Shape Our Decisions
Ariely, Dan
Paperback
The Invention of Infinite Growth: How Economists Came to Believe a Dangerous Delusion
Jones, Christopher F.
Hardcover
Louder Than Words: Take Your Career from Average to Exceptional with the Hidden Power of Nonverbal Intelligence
Navarro, Joe
Poynter, Toni Sciarra
Paperback
Burned by Billionaires: How Concentrated Wealth and Power Are Ruining Our Lives and Planet
Collins, Chuck
Hardcover
How Adam Smith Can Change Your Life: An Unexpected Guide to Human Nature and Happiness
Roberts, Russ
Paperback
Vulture Capitalism: Corporate Crimes, Backdoor Bailouts, and the Death of Freedom /]Cby Grace Blakeley
Blakeley, Grace
Paperback
The Banker Who Made America: Thomas Willing and the Rise of the American Financial Aristocracy, 1731-1821
Vague, Richard
Hardcover
Financial Literacy for All: Disrupting Struggle, Advancing Financial Freedom, and Building a New American Middle Class
Bryant, John Hope
Paperback
Abundancia: Cómo Construimos Un Mundo Mejor Abundance (Spanish Edition)
Klein, Ezra
Thompson, Derek
Paperback
Think Like a Freak: The Authors of Freakonomics Offer to Retrain Your Brain
Levitt, Steven D.
Dubner, Stephen J.
Paperback
The Capital Order: How Economists Invented Austerity and Paved the Way to Fascism
Mattei, Clara E.
Paperback
A Capitalist Manifesto: Understanding The Market Economy And Defending Liberty
Wolfram, Gary
Paperback
The Power of Creative Destruction: Economic Upheaval and the Wealth of Nations
Bunel, Simon
Aghion, Philippe
Antonin, Céline
Paperback
Our Dollar, Your Problem: An Insider's View of Seven Turbulent Decades of Global Finance, and the Road Ahead
Rogoff, Kenneth
Paperback
Power and Progress: Our Thousand-Year Struggle Over Technology and Prosperity
Acemoglu, Daron
Johnson, Simon
Paperback
9 Hábitos Japoneses Que Cambiarán Tu Vida / 9 Japanese Habits That Will Change Your Life
Rodríguez, Andrea
Paperback
Economics in One Lesson: The Shortest and Surest Way to Understand Basic Economics
Hazlitt, Henry
Paperback
The Mismeasurement of America: How Outdated Government Statistics Mask the Economic Struggle of Everyday Americans
Ludwig, Gene
Hardcover
The Great Global Transformation: The United States, China, and the Remaking of the World Economic Order
Milanovic, Branko
Hardcover
Our Dollar, Your Problem: An Insider's View of Seven Turbulent Decades of Global Finance, and the Road Ahead
Rogoff, Kenneth
Hardcover
The Triumph of Economic Freedom: Debunking the Seven Great Myths of American Capitalism
Gramm, Phil
Boudreaux, Donald J.
Hardcover
The World's Worst Bet: How the Globalization Gamble Went Wrong (and What Would Make It Right)
Lynch, David J.
Hardcover
The World Order - Our Secret Rulers: A Study in the Hegemony of Parasitism
Mullins, Eustace
Paperback
Small Startup Cities: How to Build a Thriving Startup Ecosystem in a Small City
Halaby, Dominique
Paperback
Against Tech Oligarchy: Worker Resistance in the World's Most Powerful Industry
Tan, Js
Redwine, Clarissa
Hardcover
Talking to My Daughter about the Economy: Or, How Capitalism Works--And How It Fails
Varoufakis, Yanis
Paperback
The Lords of Easy Money: How the Federal Reserve Broke the American Economy
Leonard, Christopher
Paperback
Credit to the Nation: Eastern European Jewish Immigrant Bankers and the Shaping of American Finance, 1873-1930
Kobrin, Rebecca
Hardcover
Two Paths to Prosperity: Culture and Institutions in Europe and China, 1000-2000
Mokyr, Joel
Tabellini, Guido
Greif, Avner
Hardcover
Crack-Up Capitalism: Market Radicals and the Dream of a World Without Democracy
Slobodian, Quinn
Paperback
The Wealth of Nations: The Economics Classic - A Selected Edition for the Contemporary Reader
Smith, Adam
Hardcover
Bitcoin Is for Everyone: Why Our Financial System Is Broken and Bitcoin Is the Solution
Brunell, Natalie
Paperback
The Ascent of Money: A Financial History of the World: 10th Anniversary Edition
Ferguson, Niall
Paperback
A Century of Plenty: A Story of Progress for Generations to Come
Leung, Nick
Canal, Marc
Bradley, Chris
Paperback
Great American Investments: A History of the Bold Initiatives That Shaped a Nation
Ellis, Charles D.
Hardcover
The Idea of America: Reflections on Inequality, Democracy, and the Values We Share
Walker, Darren
Hardcover
Architects of Ruin: How Big Government Liberals Wrecked the Global Economy--And How They Will Do It Again If No One Stops Them
Schweizer, Peter
Paperback
The Black Tax: 150 Years of Theft, Exploitation, and Dispossession in America
Kahrl, Andrew W.
Paperback