The proceedings of a February 1992 CEPR conference on `Hungary: An Economy in Transition', reported in issue no. 49 of this Bulletin, are now available. The volume was launched at a lunchtime meeting in London on 1 March addressed by István Székely and at a reception held at the Hungarian mission to the United Nations, New York, on 23 March addressed by Jean-Claude Milleron, Under-Secretary General of the United Nations, and Attila Chikán, Professor of Economics at the Budapest University of Economics. It contains the following papers:

`Introduction', István P Székely and David M G Newbery

`Economic Consequences of Soviet Disintegration for Hungary', László Csaba

`Regional Cooperation in EastCentral Europe', Kálmán Mizsei

`Export Supply and Import Demand in Hungary: An Econometric Analysis for 1968-89', László Halpern and István Székely

`10 per cent Already Sold: Privatisation in Hungary', Zsigmond Járai

`Hungary: A Unique Approach to Privatisation Past, Present and Future', Peter Mihályi

`Competition Policy in Transition', János Stadler

`A Short-Run Money Market Model of Hungary', Júlia Király

`The Modernisation of the Hungarian Banking Sector', Éva Várhegyi

`Changing Structure of Household Portfolios in Emerging Market Economies: The Case of Hungary, 1970-89', István bel and István P Székely

`Hungary's Foreign Debt: Controversies and Macroeconomic Problems', Gábor Oblath

`Managing Foreign Debts and Monetary Policy during Transformation', Werner Riecke

`A Legal Framework for the Hungarian Transition, 1989-91', Tamás Sárközy

`Tax Reform in Hungary', Jenö Koltay

`The Transformation of Shop Floor Bargaining in Hungarian Industry', János Köllö

`The Social Security Crisis in Hungary', Mária Augusztinovics

`State Desertion and Convertibility: The Case of Hungary', István bel and John P Bonin

`Conclusion', Adam Ridley

Published by Cambridge University Press for CEPR. ISBN 0-521-44018-1, £40.00/$59.95. Available from Customer Service Department, Cambridge University Press, The Edinburgh Building, Cambridge, CB2 2RU, UK, Tel: (44 223) 325970, or from Cambridge University Press, 40 West 20th Street, New York, NY 10011, USA, Tel: (1 212) 924 3900.