The Centre for Economic Policy Research organized a workshop on `Spain and the European Community: The Challenges of the Coming Years' from 30 July to 3 August. The workshop was organized by CEPR Director Richard Portes and Guillermo de la Dehesa Romero, Chief Executive Officer of the Banco Pastor and a Governor of the CEPR, and it was held at the Universidad Internacional Menéndez Pelayo in Santander, Spain. Financial support was provided by the Fundación Pedro Barrié de la Maza and the Banco Pastor. Each day was devoted to one of the following topics: `Monetary Integration', `Economic Integration', `The Eastern Europe Opening', and `Regional Development and Financial Intermediation in the European Community'. The speakers at each of the sessions of the workshop were as follows:
`The June 1990 Capital Liberalization and the New EMS: Their Implications for Spain', Vittorio Grilli (Yale University and CEPR)
`The European Monetary Union and a European Central Bank', Manuel Conthe (Director General del Tesoro y Politica Financiera), Max Corden (Johns Hopkins University, Baltimore)
`Spain and the Changing Process of the EMS: The Experience of the Last Year and the Medium-Term Prospects', George Alogoskoufis (Birkbeck College, London, and CEPR), Gianpaolo Galli (Banca d'Italia), José Juan Ruiz (Ministerio de Economia y Hacienda)
`The Impact of Integration on Patterns of Trade and Production in Spain and the Community', Alasdair Smith (University of Sussex and CEPR)
`Factor Markets and European Integration', Jean-Pierre Danthine (Université de Lausanne and CEPR)
`The Problems of Regulating Markets after 1992: Regulation at the National or the Community Level?', Colin Mayer (City University Business School and CEPR), Damien Neven (INSEAD and CEPR), Konstantine Gatsios (Fitzwilliam College, Cambridge and CEPR), Xavier Vives (Universidad Autónoma de Barcelona and CEPR)
`Macroeconomic Stabilization and Medium-term Policy Outcomes', David Begg (Birkbeck College, London, and CEPR), Richard Portes (CEPR and Birkbeck College, London), Joaquin Muns (Universidad de Barcelona)
`The Long-term Impact of Eastern Europe on Trade Flows and Investment in Europe', Carl Hamilton (Institute for International Economic Studies, Stockholm and CEPR)
`The Impact of Eastern Europe on the Southern Periphery of the Community', George Alogoskoufis, Guillermo de la Dehesa, Konstantine Gatsios `Regional Development and Financial Intermediation in the European Community', Colin Mayer, Gianpaolo Galli, José Alberto Zaragoza (Director General de Planificación), Andrés Precedo (Universidad de Santiago), Rafael Pampillón (Universidad de Extremadura), Gonzálo Sáenz de Buruaga (Banco Exterior de España)
`Fiscal Harmonization Problems in the Single Market', José Borrell (Secretario de Estado de Economia), Michael Keen (University of Essex)
At the final session of the seminar, a number of general conclusions were presented by Guillermo de la Dehesa and Richard Portes.