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Bills on London
Bank Rate in 1822 and 1825
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activity amount aon 9 April bank advances Bank of England Bank of France Bank rate rose bankers borrowing capital outlay cash cause cent central bank cheap money circulation commodities consumers country banks crisis dear money deflation deflationary demand for currency deposits depression discount houses discount market discount rate effect expansion exports fall fiduciary 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 iref January July June limit loans London long-term rate March market rate ment merchants millions monetary months November October payments period price level profit rate of discount rate of interest rate was raised rate was reduced reflux of currency revival rise of Bank rise of prices sell Sept short-term rate speculative stocks tendency traders Treasury bills unemployment vicious circle wholesale price index yield