JOHN MCCOMBIE is Director of the Centre for Economic and Public Policy and Fellow in Economics, Downing College, University of Cambridge, UK. He has previously held positions in Economics departments at the University of Hull and the University of Melbourne. His research interests include the study of national and regional growth disparities, economic growth and the balance-of-payments constraint, and criticisms of the aggregate production function and conventional measures of the rate of technical progress. He has published widely in these areas. CARLOS RODR GUEZ GONZ LEZ teaches at t

• Introduction; J.McCombie & C.R.Rodriguez Strong Uncertainty and How to Cope with it to Improve Action and Capacity; P.Davidson Inflation Targeting: Assessing the Evidence; A.Angeriz & P.Arestis Transparency Versus Openness in Monetary Policy; E.Carre Dynamic Analysis of a Monetary Policy Shock on Banking Behaviour; E.Le Heron Credibility of Interest Rate Policies in Eight EMS Countries: An Application of the Markov Regime-Switching of a Bivariate Autoregressive Model; P.Arestis & K.Mouratidis Why do Firms Hedge? A Review of the Evidence; A.Judge Concentration Versus Efficiency and Financial Liberalization in Latin American Banking; G.Chortareas, J.G.G.García & C.Girardone The Role of Financial Institutions in the Context of Economic Development; S.Basu