The Review of Economics and Statistics Vol. 11 No. 1 1929
The Money Market in 1928
Abstract
F OLLOWING several years of relatively easy money, the year I928 was marked by a more vigorous upward movement of interest rates than any year since the post-war inflation period. The discount rates of the Federal Reserve Bank of New York and of a number of other reserve banks were raised three times in the course of the year, carrying these rates from 3'2 per cent at the beginning of the year to 5 per cent at the end. The relative levels of money rates at the two year-ends are shown in the following table: (Per Cctt)
- DOI
- 10.2307/1927256
- Volume
- 11
- Issue
- 1
- Pages
- 19
- Sources
- openalex crossref