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David Pyle on Short-Term Interest Rates
Pyle, David H.
25/3  (Spring 1983): 174-180

David H. Pyle is the Willis H. Booth Professor of Banking and Finance in the School of Business Administration at U.C. Berkeley. His research and teaching are chiefly concerned with financial institutions and financial markets. In the note that follows, Pyle considers why short-term interest rates remained high in 1981 and 1982.

 

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