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A dozen studies consider the experiment from the perspectives of international consequences, the relationship between monetary policy and the real sector of the German economy, and the old economic question of whether money matters. Among the specific topics are the crisis in the European monetary system, incentives for growth and development, and challenges for both parts of Germany. Ten of the papers are from a conference in Swansea, Wales, in March 1995; many are followed by comments. Annotation c. by Book News, Inc., Portland, Or.