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The papers collected in this volume are those presented at the
thirteenth Colloquium arranged by the Societe Universitaire
Europeenne de Recherches Financieres (SUERF), which took place in
Luxembourg in October 1986. The Society issupported
byalargenumberofcentralbanksandcommer- cial banks, byother
financial and business institutions, by treasury officials and by
academics and others interested in monetary and financial prob-
lems. Since its establishment in 1963 it has developed as a forum
for the exchange of information, research results and ideas, valued
by academics and practitioners in these fields, including central
bank officials and civil servants responsible for formulating and
applying monetary and financial policies, national and
international. A major 'activity of SUERF is to organize and
conduct Colloquia on subjects of topical interest to its mem- bers.
The titles, places and dates of previous Colloquia 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 Tarragona, Spain in October 1970 under the title 'Monetary
Policy and New Develop- ments inBanking'andatStrasbourg, France
inJanuary 1972underthe title 'Aspects ofEuropean Monetary Union'.
The previous SUERF Colloquium, at Cambridge in March 1985, had as
its subject 'Shifting Frontiers in Financial Markets'.
The papers collected in this volume are those presented at the
fourteenth Colloquium arranged by the Societe Universitaire
Europeenne de Recher ches Financieres (SUERF), which took place in
Helsinki in May 1988. The Society is supported by a large number of
central banks and commercial banks, by other financial and business
institutions and by personal subscriptions from academics and
others interested in monetary and financial problems. Since its
establishment in 1963 it has developed as a forum for the exchange
of information, research results and ideas among academics and
practitioners in these fields, including central bank officials and
civil servants responsible for formulating and applying monetary
and financial policies, national and international. A major
activity of SUERF is to organise and conduct Colloquia on subjects
of topical interest to its members. The titles, places and dates of
previous Colloquia 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 Tarragona, Spain in October 1970
under the title "Monetary Policy and New Developments in Banking"
and at Strasbourg, France in January 1972 under the title "Aspects
of European Monetary Union.""
The papers collected in this volume are those presented at the
fourteenth Colloquium arranged by the Societe Universitaire
Europeenne de RecherĀ ches Financieres (SUERF), which took place
in Helsinki in May 1988. The Society is supported by a large number
of central banks and commercial banks, by other financial and
business institutions and by personal subscriptions from academics
and others interested in monetary and financial problems. Since its
establishment in 1963 it has developed as a forum for the exchange
of information, research results and ideas among academics and
practitioners in these fields, including central bank officials and
civil servants responsible for formulating and applying monetary
and financial policies, national and international. A major
activity of SUERF is to organise and conduct Colloquia on subjects
of topical interest to its members. The titles, places and dates of
previous Colloquia 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 Tarragona, Spain in October 1970
under the title "Monetary Policy and New Developments in Banking"
and at Strasbourg, France in January 1972 under the title "Aspects
of European Monetary Union".
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