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Recent Developments in the Money Markets

In: The Future of Financial Systems and Services

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  • Ray Shaw

Abstract

This chapter reviews the changes which have occurred in the UK money markets since 1983, with a particular emphasis on the discount houses and their relationship with the Bank of England and monetary policy. During this period the Bank has revised various aspects of monetary policy and operations in the market, but probably the single most significant event which occurred was the deregulation of the London financial markets on 27 October 1986, known as ‘Big Bang’. So far the impact on the money markets has been relatively limited; the future, however, remains uncertain.

Suggested Citation

  • Ray Shaw, 1990. "Recent Developments in the Money Markets," Palgrave Macmillan Books, in: Edward P. M. Gardener (ed.), The Future of Financial Systems and Services, chapter 7, pages 104-125, Palgrave Macmillan.
  • Handle: RePEc:pal:palchp:978-1-349-10439-0_7
    DOI: 10.1007/978-1-349-10439-0_7
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