Interest rates and the regional experience

Lonie, A A and Power, D M (1989) Interest rates and the regional experience. Quarterly Economic Commentary, 15 (2). pp. 56-67. ISSN 2046-5378

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Abstract

This paper discusses the possible consequences for Scotland of the present policy of high interest rates are of more than academic interest. The sequence of eleven successive increases in the clearing banks' base rate between 2 June 1988 and 5 October 1989 which raised interest rates from 7.5 per cent to 15 per cent is one of the most remarkable in British financial history.

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• Item metadata

  Item type:	Article
  ID code:	51537
  Dates:	Date Event 1 December 1989 Published
  Subjects:	Social Sciences > Economic Theory
  Department:	Strathclyde Business School > Economics Strathclyde Business School > Fraser of Allander Institute
  Depositing user:	Pure Administrator
  Date deposited:	10 Feb 2015 11:47
  Last modified:	11 Nov 2024 10:59
  Related URLs:	Organisation Journal or Publication
  URI:	https://strathprints.strath.ac.uk/id/eprint/51537