The Changing Discount Market

G. A. Fletcher
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G. A. Fletcher: University of Liverpool

Chapter 15 in The Discount Houses in London, 1976, pp 238-249 from Palgrave Macmillan

Abstract: Abstract The authorities operated Competition and Credit Control unchanged for barely two years before the introduction, in 1973–4, of significant modifications to the mechanism of control. For the discount houses the changes involved abandonment of their 50 per cent public-sector ratio, while for the banks a supplementary credit-control scheme was devised whereby pressure would be exerted on the liabilities, rather than the assets, side of their balance sheets.

Keywords: Interest Rate; Money Market; Secondary Market; Bank Lending; Treasury Bill (search for similar items in EconPapers)
Date: 1976
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-01974-8_15

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DOI: 10.1007/978-1-349-01974-8_15

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