Mrs. Vatter on Industrial Borrowing, A Reply

Lance E. Davis

The Journal of Economic History, 1961, vol. 21, issue 2, 222-226

Abstract: Mrs. Vatter has covered three major points in her comment on my article. She has suggested the need for further research; she has questioned the completeness of my analysis of interest rate determination; and she has suggested an alternative explanation of the apparent ceiling on interest charges. I am in complete agreement with Mrs. Vatter on the first of her points. On the second, I apologize for any lack of clarity that may have led her to misinterpret my intent. On the third, I feel that, despite her evidence, her conclusion remains, at best, unproved.

Date: 1961
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