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NATIONAL BUREAU OF ECONOMIC RESEARCH
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Towards a History of the Junk Bond Market, 1910-1955

Peter F. Basile, Sung Won Kang, John Landon-Lane, Hugh Rockoff

NBER Working Paper No. 21559
Issued in September 2015

---- Acknowledgments ----

We thank the participants in a session at the Southern Economic Association Meetings in 2002, especially Frank G. Steindl who organized the session, for many helpful comments. We also benefitted from presentations to the workshop on the Development of the American Economy at the NBER summer institute in July 2004 and to the Monetary and Financial History Workshop at the Federal Reserve Bank of Atlanta in May 2015. Elmus Wicker and Ellis Tallman provided thoughtful comments on a previous draft. Larry Officer generously shared his knowledge of interest rate series. Deepa Bhat provided able research assistance. The Sidney I. Simon Memorial Fund of Rutgers University provided financial assistance. We are responsible for the remaining errors. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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