The New City pp 141-165 | Cite as

Money and Interest

Part of the Economics Today book series


If nothing else has so far emerged from this account of the City of London, it is surely clear that a lot changed in the 1980s. The particular causes of this may be discussed for years to come, but international deregulation (or liberalisation, as it has also come to be known) has to be the most prominent factor. Financial markets have grown extravagantly and competition within them is vigorous, if not cut-throat. The advantages are obvious — a free and efficient flow of cash is essential if producers of goods and services are to respond quickly and effectively to developments within their own markets. The financial services provided by the City and similar centres offer necessary lubrication to the wheels of industry. The better the quality of the lubricant, the faster the wheels can turn.


Interest Rate Discount Rate Money Market Treasury Bill Interbank Market 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.


Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

Copyright information

© Kenneth Durham 1992

Authors and Affiliations

There are no affiliations available

Personalised recommendations