Titlebook: Recent Advances in the Theory of Chemical and Physical Systems; Proceedings of the 9 JEAN-PIERRE JULIEN,JEAN MARUANI,GERARDO DELGADO-BA Con

instulate

JOSEF PALDUS,XIANGZHU LIrrency within the Community for the purpose of current account trading.. This was the next stage of monetary integration in the Community. To achieve this the absolute freedom of intra-Community trade and payments in current transactions was required.

CHARM

arbiter

安定

V. O. NESTERENKO,J. KVASIL,P.-G. REINHARDespect to an institutional framework for an EC central bank — a dual speed monetary integration scheme in which major continental EC countries would adopt a stability-oriented common monetary policy under the leadership of the German Bundesbank (central bank) seems to be possible.

COKE

G. DEZS?,I. BáLINT,I. GYéMáNT would be reinforced by setting up an . body: the Multi-role European Bank. As implied by the name, the M.E.B. would be empowered to carry out a very wide variety of operations; it would be endowed with resources on a scale adequate to play a major role in raising the rates of growth in the laggard

Fortify

Tortuous

I. P. GRANT,H. M. QUINEYll consider the issues raised in the first two substantive sections of this paper from a more general perspective, and will argue that there still remains a powerful case to be made for flexible exchange rates as a means of organising international monetary relations. The case however is essentially

Embolic-Stroke

MONIKA STANKE,JACEK KARWOWSKIks across the union; and on the equality in impact and timing of the transmission of policy changes or external shocks. We apply these results to ask if the core-periphery distinction is the appropriate response to the difficulty of creating a monetary union in Europe. Does Europe really have a bett

駭人

N. S. MOSYAGIN,A. N. PETROV,A. V. TITOV,I. I. TUPITSYNks across the union; and on the equality in impact and timing of the transmission of policy changes or external shocks. We apply these results to ask if the core-periphery distinction is the appropriate response to the difficulty of creating a monetary union in Europe. Does Europe really have a bett

消滅

A. V. TITOV,N. S. MOSYAGIN,A. N. PETROV,T. A. ISAEV,D. P. DEMILLEks across the union; and on the equality in impact and timing of the transmission of policy changes or external shocks. We apply these results to ask if the core-periphery distinction is the appropriate response to the difficulty of creating a monetary union in Europe. Does Europe really have a bett