Abstract
The authorities operated Competition and Credit Control unchanged for barely two years before the introduction, in 1973–4, of significant modifications to the mechanism of control. For the discount houses the changes involved abandonment of their 50 per cent public-sector ratio, while for the banks a supplementary credit-control scheme was devised whereby pressure would be exerted on the liabilities, rather than the assets, side of their balance sheets.
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Notes
R. J. Truptil, British Banks and the London Money Market (London, 1936) pp. 112–13. There were also eight firms of running brokers.
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© 1976 G. A. Fletcher
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Fletcher, G.A. (1976). The Changing Discount Market. In: The Discount Houses in London. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-01974-8_15
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DOI: https://doi.org/10.1007/978-1-349-01974-8_15
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-01976-2
Online ISBN: 978-1-349-01974-8
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