Finance

Abstract

Historical precedent suggests that the Government should reduce interest rates to stimulate investment and growth, and allow the pound to fall marginally to stimulate exports and deter imports. To avoid another rash of domestic inflation, the clearing banks' liquid‐deposit ratio should be reduced. These are among the main points put forward by Stanley Alderson in a sequel to last month's article which argued that high interest rates were at the root of declining industrial performance.

Citation

(1979), "Finance", Industrial Management, Vol. 79 No. 6, pp. 23-43. https://doi.org/10.1108/eb056957