A volume of research produced under the auspices of CEPR's project, `An International Study of the Financing of Industry', is now available. The research presented in this volume was supported by the Anglo-German Society for the Study of Industrial Society, and it was launched at a discussion meeting in Frankfurt-am-Main, hosted by Commerzbank, on 22 February, addressed by Jeremy Edwards, Faculty Lecturer in Economics and Fellow of St John's College, Cambridge, and Research Fellow in CEPR's Financial Economics programme. The volume contains the following chapters:

`Introduction'

`A Theoretical Framework for Analysing the Effects of the Financial System on Economic Performance'

`The Significance of Bank Loans in the Finance of Aggregate Investment in Germany'

`Legal Forms of Enterprise in Germany, and their Implications for the Role of the German Financial System'

`The Structure of the German Banking System'

`Bank Supervisory Board Representation and Other Aspects of German Bank Lending to Firms'

`German Bank Behaviour when Firms are in Financial Distress'

`The Ownership Structure of Large German Firms, and its Implications for German Banks' Corporate Control Role'

`Do German Banks Act as Delegated Exercisers of Equity's Control Rights?'

`Conclusion'

Published by Cambridge University Press for CEPR. ISBN 0-521-45348-8, £30.00/$49.95. Available from Customer Service Department, Cambridge University Press, The Edinburgh Building, Cambridge, CB2 2RU, UK, Tel: (44 1223) 325970, or from Cambridge University Press, 40 West 20th Street, New York, NY 10011, USA, Tel: (1 212) 924 3900.