We consider the norm closure A of the algebra of all operators of order and
class zero in Boutet de Monvel's calculus on a manifold X with boundary Y.
We first describe the image and the kernel of the continuous extension of the
boundary principal symbol to A. If the X is connected and Y is not empty,
we then show that the K-groups of A are topologically determined. In case the
manifold, its boundary and the tangent space of the interior have torsion-free
K-theory, we prove that Ki(A/K) is isomorphic to the direct sum of
Ki(C(X)) and K1−i(C0(TX′)), for i=0,1, with K denoting the compact
ideal and TX′ the tangent bundle of the interior of X. Using Boutet de
Monvel's index theorem, we also prove this result for i=1 without assuming the
torsion-free hypothesis. We also give a composition sequence for A.Comment: Final version, to appear in J. Reine Angew. Math. Improved
K-theoretic result