The invention relates to a method for cold-rolling strips consisting of, inter alia, special steels and/or nonferrous metals, in a multi-stand tandem rolling mill. The first stand(s) carry out comparatively high reductions and the last stand(s) determine the surface quality of the strip, with a relatively low reduction. The aim of the invention is to improve the capacity of the tandem rolling mill in terms of thickness reduction and in terms of the surface quality of the rolled strips. To this end, an emulsion is used as a coolant and lubricant for the first passages of the strip through the tandem rolling mill with relatively high reduction. The adhesive coolant and lubricant film is then squeezed off the strip following removal from the roll gap of the last emulsion-operated stand. Rolling oil is used as a lubricant for especially the last passage(s) through the tandem rolling mill with relatively low reduction. The invention also relates to an installation for carrying out the inventive method.