The papers collected in this volume are those presented at the
eleventh Colloquium arranged by the Societe Universitaire
Europeenne de Recherches Financieres (SUERF) which took place in
Madrid in October 1983. The Society is supported by a large number
of central banks, commercial banks and other financial and business
institutions, by treasury officials and by academics and others
interested in monetary and financial problems. Since its
establishment in 1963 it has developed as a forum for the exchange
of informa tion, research results and ideas, valued by academics
and practitioners in these fields, including central bank officials
and civil servants responsible for formulat ing and applying
monetary and financial policies. A major activity of SUERF is to
organize and conduct Colloquia on sub jects of topical interest to
members. The titles, places and dates of previous Col loquia for
which volumes of the collected Papers were published are noted on
the last page of this volume. Volumes were not produced for
Colloquia held at Tarra gona, Spain in October 1970 under the title
"Monetary Policy and New Develop ments in Banking" and at
Strasbourg, France in January 1972 under the title "Aspects of
European Monetary Union".
General
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