Quarterly Bulletin
Summer 2004 Contents

Markets and operations (428k)
Box on basis swaps
Box on inflation-protected bonds and swaps
Box on reform of the Bank of England's operations in the sterling money markets

Assessing the stability of narrow money demand in the United Kingdom (179k)

Deriving a market-based measure of interest rate expectations (181k)

The economics of retail banking - an empirical analysis of the UK market for personal current accounts (97k)

The financing of smaller quoted companies: a survey
(119k)

Recent developments in surveys of exchange rate forecasts (105k)

Sterling money market funds (147k)
Box on money market fund ratings
Box on a comparison with US money market funds

How can the IMF catalyse private capital flows? A model

IMF lending and creditor moral hazard

International financial rescues and debtor-country moral hazard

Bail out or work out? Theoretical considerations

Does job insecurity affect household consumption?

The new Bank of England Quarterly Model (72k)

Public attitudes to inflation (106k)

Perfect partners or uncomfortable bedfellows? On the nature of the relationship between monetary policy and financial stability (83k)

A review of the work of the London Foreign Exchange Joint Standing Committee in 2003 (77k)
Box on a brief history of the Foreign Exchange Joint Standing Committee

Reform of the Bank of England's operations in the sterling money markets (455k)

Puzzles in today's economy - the build-up of household debt (119k)
Speech by Sir Andrew Large, Deputy Governor and member of the Monetary Policy Committee, given at the Association of Corporate Treasurers' Annual Conference, on 23 March 2004

Speech at the National Association of Pension Funds Annual Investment Conference (156k)
Speech by Paul Tucker, Executive Director of the Bank of England and member of the Bank's Monetary Policy Committee, given in Edinburgh on 19 March 2004

Boring bankers - should we listen? (130k)
Speech by Richard Lambert, member of the Bank's Monetary Policy Committee, given at the Institute for Public Policy Research, on 22 April 2004

Speech at CBI Yorkshire and the Humber annual dinner
(88k)
Speech by Kate Barker, member of the Bank's Monetary Policy Committee, delivered at Bradford City Football Club, on 28 April 2004