Quarterly Bulletin
August 1998 Contents

Markets and operations (282k)
Box on news and the sterling markets
Box on real yields and the RPI
Box on the Bank of England's operations in the sterling money market
Box on the gilt repo market

The international environment (243k)
Box on policy developments in Japan
Box on US productivity growth
Note on developments in East Asia

The UK personal and corporate sectors during the 1980s and 1990s: a comparison of key financial indicators
(243k)

Are prices and wages sticky downwards? (80k)

Why has the female unemployment rate in Britain fallen?
(194k)

Testing value-at-risk approaches to capital adequacy
(643k)

The cyclicality of mark-ups and profit margins: some evidence for manufacturing and services
(183k)

Three views of macroeconomics (26k)
Speech by Sir Alan Budd at the Royal Economic Society Conference on 1 April

Trade and investment in the light of the Asian crisis (19k)
Speech by Dr DeAnne Julius at the conference 'Jobs, Crime and Money: Challenges for the G8 Summit of 1998' on 13 May

The UK economy and monetary policy - looking ahead (18k)
Speech by Mervyn King, Deputy Governor, at the Building Societies Annual Conference on 27 May

Recent economic developments and the MPC approach to monetary policy (13k)
Speech by the Governor at the Lord Mayor's Dinner for Bankers and Merchants of the City of London on 11 June

Financial services into the year 2000 (20k)
Speech by Ian Plenderleith, Executive Director, at the Fifth International Derivatives Conference on 16 June