Former students of Dr H. J. Witteveen and many of those who collaborated with him in the past decades have decided a while ago that his great scientific and social merits are ample reason for presenting him with a Liber Amicorum. The fortieth anniversary of his appointment as professor at the Netherlands School of Economics in Rotterdam in the Spring of 1988 seemed a suitable time for presentation. For this purpose a committee was formed consisting of the members listed below. The last three of these also act as editorial committee of this anniversary volume. The topic the editorial committee chose is 'The quest for national and global economic stability'; this topic has always attracted Dr Witteveen's special attention and is in fact the common theme of his publications and speeches. In compiling this volume, the editorial committee tried to give expression to the three fields in which Dr Witt eve en developed his main activities: university, politics and international economic organizations. The committee is deeply grateful to the authors who promised and supplied their contributions with great enthusiasm. All contributions were completed before August 1, 1987.

Strengthening international economic cooperation: the role of indicators in multilateral surveillance.- Exchange rate policy in a European and global perspective.- European economic integration and a system of European central banks.- The world needs a new 'Witteveen-facility'.- Liberal and illiberal trade policy: the messy world of the second best.- The international monetary system and the strength and vicissitudes of the American dollar.- The trade cycle under capital shortage and labour shortage.- The 'quest for national and global stability' and developing countries.- The great inflation and its aftermath.- Freedom of capital movements in the European Community.- The ECU s coming of age.- The impasse concerning the role of the SDR.- Restoring stability within a system of floating exchange rates.- External imbalances: causes, consequences and cures.- International economic policy coordination: present shortcomings, future opportunities.- The worst destabilize.