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Quarterly Bulletin
February 1996 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 (969k).
 
Summary
Recent economic and financial developments
The operation of monetary policy (87k)
Box on the eligible bill market

The international environment (54k)
Box on the impact of European fiscal consolidation on growth

Financial market developments (73k)
Research and analysis

The over-the-counter derivatives markets in the United Kingdom (48k)
Can we explain the shift in M0 velocity? (88k)

Saving, investment and real interest rates (70k)

Central bank independence and accountability: theory and evidence (33k)

Trade with newly industralised economies (70k)
Box on the increase in the ratio of non-manual to manual workers' wages

Reports
The gilt-edged market: developments in 1995 (181k)

Changeover to the single currency (16k)
 Speeches

The Bank of England: how the pieces fit together (27k)
Last in the series of Bank of England lectures at the London School of Economics, delivered by the Governor on 25 January

Finance for small firms (14k)
Speech by the Deputy Governor to the Manchester Merchant and International Bankers' Association on 17 January

Volume 36 Number 1

Back to 2004
Related Links
  • Inflation Report
    Sets out the detailed economic analysis and inflation projections on which the Bank's Monetary Policy Committee bases its interest rate decisions, and presents an assessment of the prospects for UK inflation over the following two years.
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