New Approaches in Monetary Policy

1. Front Matter

   Pages I-XIV

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2. Control of Money and Credit

   1. Front Matter

      Pages 1-1

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   2. Part A

      1. Problems of Monetary Policy in Germany: Some Basic Issues

         • Helmut Schlesinger

         Pages 3-12

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      2. Theoretical Foundations of Monetary Policy: A Monetarist View

         • Jacques J. Sijben

         Pages 13-39

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      3. Monetary Aggregates as Targets of Monetary Policy: A Critical View

         • Nino Andreatta, Carlo D’Adda

         Pages 41-53

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      4. Implementation of Monetary Targets

         • Manfred Willms

         Pages 55-63

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      5. Targets and Techniques of Monetary Policy in Western Europe

         • Warren D. McClam

         Pages 65-87

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   3. Contributions from Officials and Departments of Central Banks

      1. Monetary Targetry in Finland

         • Reino Airikkala, Ralf Pauli

         Pages 89-95

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      2. The Setting of Targets for Monetary Aggregates: A Non-Monetarist View

         • Jaques Baudewyns

         Pages 97-101

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      3. Experience of the Deutsche Bundesbank with Monetary Targets

         • Horst Bockelmann

         Pages 103-109

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      4. A Note on the Intermediate Targets of Monetary Policy

         • Cesare Caranza, Tommaso Padoa-Schioppa

         Pages 111-123

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      5. Monetary Targets in the United Kingdom

         • Economic Intelligence Department of the Bank of England

         Pages 125-130

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      6. Monetary Aggregates as Targets of Monetary Policy in Spain

         • Research Department, Banco de Espaϱa

         Pages 131-135

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      7. Experiences with and Attitudes Vis-À-Vis Monetary Targets in Norway

         • Einar Forsbak

         Pages 137-142

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      8. The Implementation of Monetary Targets in Denmark

         • Leif Hansen

         Pages 143-144

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      9. Monetary Aggregates as Targets of Monetary Policy — the Irish Experience 1971 to 1976

         • Banking Department, Central Bank of Ireland

         Pages 145-152

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      10. Mise en Pratique de L’Objectif Monétaire en France

          • Jacques Pecha

          Pages 153-165

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      11. The Swiss National Bank’s Experience with Monetary Targets

          • Kurt Schiltknecht

          Pages 167-171

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      12. Les Contrôles Directs Exercés sur le Crédit

          • Martin Thomann

          Pages 173-185

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3. Some International Aspects of Monetary Policy

   1. Front Matter

      Pages 187-187

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The Colloquium at Wiesbaden was the seventh in a series organized by the Societe Universitaire Europeenne de Recherches Financieres (SUERF) at intervals since 1969. The titles, places and dates of previous Colloquia are noted on page ii, with brief particulars of the ensuing publications. From the beginning, the emphasis has been on money and finance in a European setting, and the most recent Colloquium, held in Wiesbaden for the three days beginning on September 29, 1977, followed this well-established pattern. The subject, "New Approaches in Monetary Policy", was divided into four aspects, each discussed in separate commissions, as described in the General Report (since the languages used by SUERF are English and French, it appears in the original French on page 327, and in an English translation, on page 355. Three other chapters and the Preface are in French. ) The separate commissions, each with its own chairman and rapporteur, were addressed by the authors of the specially written papers, all experts, active in their fields, and they also led the discussions. M. Raymond Bertrand, the President ofSUERF, was Chairman for the Colloquium as a whole, which was in plenary session for the opening and closing meetings. The Rapporteur General was Professor Paul Coulbois, whose report is mentioned above. Attendance at the Colloquium has risen over the years, and so has the number of papers presented.

• monetary policy

• University of Georgia, USA

  John E. Wadsworth

• City University, London, UK

  John E. Wadsworth

• Midland Bank Ltd., London, UK

  John E. Wadsworth

• Paris, France

  François Léonard Juvigny

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