Abstract
From the middle of 1974 to the early part of 1975 both the US monetary aggre-gates and estimates of real, short-term interest rates show that US monetary policy was tight. Monetary conditions eased somewhat in 1976, becoming even more expansive through 1977 and into 1978. By late 1979, further efforts were made to restrain the growth of the monetary aggregates and credit conditions tightened.
I would like to thank H.W. Mayer, P. Isard and W. Allen for their comments on an earlier draft. Richard W. Wheeler and a number of his colleagues at Citibank (New York) commented on this version extensively. I intend to incorporate their criticisms in subsequent work. Responsibility for any errors that may remain in this paper is my own.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
Editor information
Rights and permissions
Copyright information
© 1982 Martinus Nijhoff Publishers, The Hague
About this chapter
Cite this chapter
Brittain, B. (1982). U.S. Monetary Policy and Falling Spreads on Internationally Syndicated Bank Loans, is there a Connection?. In: Fair, D.E., de Juvigny, F.L. (eds) Bank Management in a Changing Domestic and International Environment: The Challenges of the Eighties. Financial and Monetary Policy Studies, vol 6. Springer, Dordrecht. https://doi.org/10.1007/978-94-009-7508-8_13
Download citation
DOI: https://doi.org/10.1007/978-94-009-7508-8_13
Publisher Name: Springer, Dordrecht
Print ISBN: 978-94-009-7510-1
Online ISBN: 978-94-009-7508-8
eBook Packages: Springer Book Archive