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Bills on London
Bank Rate in 1822 and 1825
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activity amount April bank advances Bank of England Bank of France Bank rate rose bankers borrowing capital outlay cause cent central bank cheap money circulation commodities consumers country banks crisis dear money deflation demand for currency deposits depression discount houses discount market discount rate effect expansion exports fall fiduciary issue fluctuations foreign exchanges funds gold standard Gurney and Company high Bank rate idle balances imports of gold income increase industry inflation interior demand investment market January July June limit loans Lombard Street London long-term rate March market rate ment merchants monetary months November October period price level profit rate of discount rate of interest rate was raised rate was reduced rediscount reflux of currency revival rise of Bank Sept short-term rate speculative stocks tendency traders Treasury bills unemployment vicious circle wage index weeks wholesale price index yield