· Highlights of this issue

· Economic Transformation in Hungary and Poland

· European Integration - The Single EC Capital Market

· Unemployment - Mismatch and labour mobility

· Industrial Economics

· Corporate Finance - Comparative Perspectives

· Econometrics

The following workshops were discussed in this issue:

· European Financial Integration - Capital Adequacy Requirements

· CEPR Research Planning Workshop on 'The Transition from Socialism'

The following lunchtime meetings were discussed in this issue:

· European Monetary System - Transitional Programmes

· Foreign Exchange Markets - Order out of chaos?

· 1992 and banking - Barriers to entry will remain

· Commodity Prices - Primary Importance

The following CEPR Publications are available to order:

· 'European Financial Integration' edited by Colin Mayer

· 'Mismatch and Labour Mobility' edited by Fiorella Padoa Schioppa

· 'Primary Commodity Prices: Economic Models and Policy' edited by L Alan Winters and David Sapsford

The following Discussion Papers were discussed in this issue:

· Tax Reform, Trade Liberalisation and Industrial Restructuring in Hungary by David M G Newbery

· Target Zones and Interest Rate Variability by Lars E O Svensson

· Banking Competition and European Integration by Xavier Vives

· Structural Adjustment of the Greek Economy by Louka T Katseli

· Inflation, Growth and External Debt: A View of the Landscape by Thorvaldur Gylfason

· Labour Adjustment Costs and British Footwear Protection by L Alan Winters

· Exchange Rate Policy, Inflation and Unemployment: The Experience of the Nordic EFTA Countries by Thorvaldur Gylfason

· External Liberalization with Ambiguous Public Response: The Experience of Portugal by Jorge Braga de Macedo

· Intertemporal Prices and the US Trade Balance in Durable Goods by Stefan Gerlach and Michael C Burda

· BVAR Forecasts of the World Economy by Michael J Artis and Wenda Zhang

· Seigniorage and Political Stabiliity by Alex Cukierman, Sebastian Edwards and Guido Tabellini