1. Credibility and Interest Rate Discretion in the ERM

   • Hali Edison
   • Ronald MacDonald

   OriginalPaper Pages: 351 - 368

2. Has the Link Between the Spot and Forward Exchange Rates Broken Down? Evidence from Rolling Cointegration Tests

   • Ali M. Kutan
   • Su Zhou

   OriginalPaper Pages: 369 - 379

3. U.S. Saving and Investment: Policy Implications

   • Martin B. Schmidt

   OriginalPaper Pages: 381 - 395

4. Multinational Enterprises and New Trade Theory: Evidence for the Convergence Hypothesis

   • Salvador Barrios
   • Holger Görg
   • Eric Strobl

   OriginalPaper Pages: 397 - 418

5. Resistance to Trade Liberalization in Unionized Sector

   • Koichi Kagitani

   OriginalPaper Pages: 419 - 435