Two developments are currently shaping Europe's financial and foreign exchange markets: Innovations, including the private use of the ECU, and the erratic fluctuations of the US dollar. Professor Nydegger analyses the causes and effects of these developments from the perspective of the world...

Grenzüberschreitende Finanzierungen im Völkerrecht / Hugo Hahn -- Das System der staatlichen Exportkreditversicherung und deren Beitrag in der internationalen Verschuldungskrise / Volkmar Euler -- Projektfinanzierung der Europäischen Investitionsbank und das internationale Recht / Jörg...

Last weeks' dollar crisis which ended with the devaluation of the dollar emphasised once more the need for a reform of the international monetary system. It also brought to the open the necessity to reorganise the EEC monetary relations. The floating of pound and lira seems to support this case.