The Papers collected in this volume are those presented at the tenth
Collo quium arranged by the Societe Universitaire Europeenne de
Recherches Fi nancieres (SUERF), which took place in Vienna in April
1982. The Society is supported by a large number of central banks,
commercial banks, and other financial and business institutions, as well
as by academics and others interested in monetary and financial
problems. Since its estab lishment 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, induding central bank
officials and civil servants responsible for formulating and applying
monetary and financial policies. A major activity of SUERF is to
organise and conduct Colloquia on sub jects of topical interest to
members. The titles, places and dates of previous Colloquia for which
volumes of the collected Papers were published are noted on page 421.
Volumes were not issued for Colloquia held at Tar ragona, Spain in
October 1970 under the title "Monetary Policy and New Developments in
Banking" and at Strasbourg, France in January 1972 un der the title
"Aspects of European Monetary Union.""