A H E M Wellink: Heterogeneity in Europe and the role of monetary policy  Opening address by Dr A H E M Wellink, President of the Nederlandsche Bank, at the CEPR/European Summer Institute conference, held in Amsterdam, on 15 September 2000.
*  *  *  Introduction It is a pleasure to be here to give the opening address to this conference and to welcome you to Amsterdam. After only a couple of years, this annual conference has established a reputation for stimulating discussion on economic policy issues in Europe. This year’s programme looks set to further enhance your reputation.