Criticism of the course followed by the Deutsche Bundesbank has been increasing recently. Professor Dr. Otmar Issing explains the theoretical concept of German monetary policy and the basic principles of the Bundesbank's monetary targeting.

The planned liberalisation of European air transport has run up against the problem that there is little scope for further expansion of airport infrastructure. If liberalisation is to be a success, the available infrastructure will have to be used more intensively. This means introducing...

The telecommunications sector is a powerfully growing market which is expected to play a key role in the EC of the future. This article offers a survey of the liberalization measures envisaged in this formerly heavily protected sector followed by an analysis of their economic effects on both EC...