Quarterly Journal of Economics Vol. 47 No. 3 1933
The Relation of Call Money Rates to Stock Market Speculation
Abstract
Introduction, 449. — Brokerage office loan routine, 449. — Demand for funds inelastic at a given moment, 453; and over a period of time, 454. — Supply by “others” inelastic in 1927, 456. — Supply by banks elastic throughout 1927, 458. — New security issues the cause of increased demand for loans in 1928 and 1929, 460. — As a result of Federal Reserve policy, supply by banks inelastic after 1927, 461. — New security issues and high interest rates responsible for elasticity of supply by “others” in 1928 and 1929, 461. — Conclusion, 462.
- DOI
- 10.2307/1883980
- Volume
- 47
- Issue
- 3
- Pages
- 449
- Sources
- openalex crossref