Rezensionen

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Maastricht II: Are real convergence criteria needed?

In the run-up to the Intergovernmental Conference of the Member States of the EU in 1996, criticism of the convergence criteria laid down in the Maastricht Treaty selection and the scope left for interpretation is becoming ever vociferous. Will the shortcomings be rectified if, as demanded by the British Government in particular, the monetary and fiscal convergence criteria are complemented by real economic criteria?     

Optimal use of futures markets when input and output prices are uncertain

The purpose of this paper is to extend the analysis of the use of futures markets by a competitive firm facing an uncertain market price for its output to the case where both input and output prices are uncertain.     

III. Weltwirtschaft und wirtschaft einzlner länderund und gebiete

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