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The Montreal Gazette Call Loan Rate, 1871-1907
| Type of resource | |
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| Author/collaborator |
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| Title |
The Montreal Gazette Call Loan Rate, 1871-1907
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| Abstract |
Economic historians have assumed that the call loan market in Canada was insignificant before 1900. The author presents a monthly series for the call loan rate recorded daily in Montreal's The Gazette between 1871 and 1907, which corresponds closely with the known post-1900 rate in 1900-07. The author contends that evidence from monthly bank returns further indicates that the magnitude of the domestic call loan market rivalled that of Canadian call loans in New York prior to 1907. The call loan series bears little relation to call loan series for New York and London, partly because the Montreal market was less centralized and less liquid.
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| Publication |
Canadian Journal of Economics/Revue canadienne d’économique
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| Volume |
Vol. 34
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| Issue |
no. 3
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| Pages |
313-344
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| Date |
February 2001
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| Language |
en
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| Citation |
Furlong, Kieran. “The Montreal Gazette Call Loan Rate, 1871-1907.” Canadian Journal of Economics/Revue canadienne d’économique Vol. 34, no. 3 (February 2001): 313–344.
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