Interest rates and the regional experience

A A Lonie; D M Power; Brian Ashcroft

Interest rates and the regional experience

A A Lonie, D M Power, Brian Ashcroft (Editor)

Economics

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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.

Original language	English
Pages (from-to)	56-67
Number of pages	12
Journal	Quarterly Economic Commentary
Volume	15
Issue number	2
Publication status	Published - 1 Dec 1989

Keywords

interest rates
Scottish economic climate
Scottish economy

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title = "Interest rates and the regional experience",

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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AB - 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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Interest rates and the regional experience

Abstract

Keywords

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