Unlike some other reproductions of classic texts (1) We have not used OCR(Optical Character Recognition), as this leads to bad quality books with introduced typos. (2) In books where there are images such as portraits, maps, sketches etc We have endeavoured to keep the quality of these images, so they represent accurately the original artefact. Although occasionally there may be certain imperfections with these old texts, we feel they deserve to be made available for future generations to enjoy.

The objective of the Single European Act is to establish a European market without barriers, thereby enabling the free movement of goods, persons, services and capital. To achieve this end the European Commission has put forward some 300 directives to be implemented by 1 January 1993. The contributors to this volume offer a critical evaluation of the likely effects of these measures for Europe as a whole and for the UK economy, in particular.

The conclusion reached in this book is that the debt crisis which has plagued the world economy for the past ten years is due to the inherent fragility of financial markets. Governments, financial institutions and borrowers, including developing countries, have simply expected too much from these markets. In a world of volatile interest rates, exchange rates and uncertain government policy, it is virtually impossible for financial institutions to effectively distinguish fundamental shifts in economic activity from random shocks. Therefore mistakes, when identified, are corrected only with a long lag. In addition to a detailed analysis of this thesis, the book contains an evaluation of recent proposals to harmonize international bank regulations and an extensive discussion of how financial markets are absorbing the huge losses which have emanated from the inability of borrowers to meet their debt service payments.

In 1991 the Economic and Social Research Council (ESRC) published "Postgraduate Taining Guidelines". Throughout the document emphasis is placed on the need for universities to make postgraduate research students aware of the methodological issues that affect their work.;This text explores the relationship between knowledge, methodology and research practice across the broad spectrum of the social sciences in langage that is accessible to researchers at all levels of their research careers. It follows the themes that there is no single practice or correct methodology, and that the diversity and variety in terms of methodology and disciplinary focus are a sign of the sophistication and complexity of the proceses of social research. The text examines socio-cultural contexts of social research and relates them to contemporary shifts in focus such as feminism, critical theory and postmodernism. The importance of selecting the research methodology most appropriate to the subject discipline concerned is emphasized.

In 1991 the Economic and Social Research Council (ESRC) published "Postgraduate Taining Guidelines". Throughout the document emphasis is placed on the need for universities to make postgraduate research students aware of the methodological issues that affect their work. This text explores the relationship between knowledge, methodology and research practice across the broad spectrum of the social sciences in langage that is accessible to researchers at all levels of their research careers. It follows the themes that there is no single practice or correct methodology, and that the diversity and variety in terms of methodology and disciplinary focus are a sign of the sophistication and complexity of the proceses of social research. The text examines socio-cultural contexts of social research and relates them to contemporary shifts in focus such as feminism, critical theory and postmodernism. The importance of selecting the research methodology most appropriate to the subject discipline concerned is emphasized.

The authors argue clearly and convincingly in this book that the debt crisis which has plagued the world economy for the past ten years is due to the inherent fragility of financial markets. Governments, financial institutions and borrowers, including developing countries, have simply expected too much from these markets. In a world of volatile interest rates, exchange rates and uncertain government policy, it is virtually impossible for financial institutions to effectively distinguish fundamental shifts in economic activity from random shocks.

The objective of the Single European Act is to establish a European market without barriers, thereby enabling the free movement of goods, persons, services and capital. To achieve this end the European Commission has put forward some 300 directives to be implemented by 1 January 1993. The contributors to this volume offer a critical evaluation of the likely effects of these measures for Europe as a whole and for the UK economy, in particular.