Quarterly Bulletin 2008 Q3 Contents

Each article is available as a separate pdf file; click on the appropriate title to access the relevant file. Alternatively you may download the complete issue (3.9mb).
   
Summary
   
Recent economic and financial developments

Markets and operations (1.7mb)
Box - Why have secured funding spreads increased recently?
Box - The mechanics of the tri-party repo market
Box - Assessing the relative value of offers for foreign currency bonds in the Bank's OMOs

   
Research and analysis
Market expectations of future Bank Rate (588k)
Box - Overnight index swaps
Globalisation, import prices and inflation: how reliable are the 'tailwinds'? (425k)
Box - Basic trade theory and the terms of trade
Box - An accounting decomposition for import price inflation
How has globalisation affected inflation dynamics in the United Kingdom? (438k)
The economics of global output gap measures (492k)

Summaries of recent Bank of England working papers (200k)
The cyclicality of mark-ups and profit margins for the United Kingdom: some new evidence

An agent-based model of payment systems

The conduct of global monetary policy and domestic stability

 
Speeches

Banking and the Bank of England (200k)
Speech by the Governor, given to the British Bankers' Association on 10 June 2008

The Governor's speech at the Mansion House (194k)
Given on 18 June 2008
A tale of two cycles (423k)
Speech by Sir John Gieve, Deputy Governor for financial stability, given to the North East Chamber of Commerce Durham Tees Valley Dinner on 19 June 2008
The financial cycle and the UK economy (409k)
Speech by Sir John Gieve, Deputy Governor for financial stability, given at the London Stock Exchange on 18 July 2008
The credit crisis: lessons from a protracted 'peacetime' (244k)
Remarks made by Paul Tucker, Executive Director for Markets and Monetary Policy Committee member, at a Chatham House Conference on 'The New Financial Frontiers', London on 29 April 2008
Financial innovation: what have we learnt? (335k)
Paper presented by Nigel Jenkinson, Executive Director for financial stability, Adrian Penalver and Nicholas Vause, at the Reserve Bank of Australia Conference on 'Lessons from the financial turmoil of 2007 and 2008', 14-15 July 2008
Global inflation: how big a threat? (619k)
Speech by Andrew Sentance, member of the Monetary Policy Committee, delivered at the 38th International Pensions Conference, Windsor on 15 July 2008
Remarks on 'Making monetary policy by committee' (244k)
Remarks by Paul Tucker, Executive Director for Markets and Monetary Policy Committee member, on a paper given by Alan Blinder 'Making monetary policy by committee' at a Bank of Canada Conference 'International Experience with the Conduct of Monetary Policy Under Inflation Targeting' held on 22-23 July 2008

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