Quarterly Bulletin
May 1997 Contents

The operation of monetary policy (187k)
Box on auctions of US Treasury Inflation Indexed Notes
Box on the Government's financing requirement and remit to the Bank of England for 1997/98

The international environment (226k)
Box on German and French industrial surveys

Comparing the monetary transmission mechanism in France, Germany and the United Kingdom: some issues and results (142k)

Economic models and policy-making (46k)

The information in money (42k)

Features of a successful contract: financial futures on LIFFE (47k)

The first year of the gilt repo market (95k)
Box on the impact of the gilt repo market on the monetary statistics

The gilt-edged market: the Bank of England's relationship with the gilt-edged market makers and inter-dealer brokers (28k)

The Bank of England's operations in the sterling money markets (19k)

Executive summary of the single monetary policy in Stage 3 (15k)

The financing of technology-based small firms: an update (19k)

International regulatory structure: a UK perspective (39k)
Speech by the Deputy Governor on 22 February at the Federal Reserve Bank of Atlanta

Bond yields and macroeconomic behaviour (16k)
Speech by the Governor on 25 February at the Euromoney International Bond Congress

Monetary policy and the exchange rate (13k)
Speech by Mervyn King on 27 February to the Governors of the National Institute of Economic and Social Research

European central banking - East and West: where next? (58k)
Lecture by the Deputy Governor on 4 March at the London School of Economics and Political Science