1. The half and the full debt cycle

   • Horst Siebert

   Articles Pages: 217 - 229

2. The allocation approach to trade modelling: Some tests of separability between imports and domestic production and between different imported commodity groups

   • Paul A. Brenton

   Articles Pages: 230 - 251

3. A comparison of national and international aggregate supply and demand var models: The United States, Japan and the European economic community

   • Ehsan Ahmed
   • J. Barkley Rosser
   • Richard G. Sheehan

   Articles Pages: 252 - 272

4. On the volatility of exchange rates: Tests of monetary and portfolio balance models of exchange rate determination

   • Daniel Gros

   Articles Pages: 273 - 295

5. Arbitrage and interest rates on currency baskets

   • Martin Klein

   Articles Pages: 296 - 310

6. Exchange risk premia in a currency basket system

   • Lars Hörngren
   • Anders Vredin

   Articles Pages: 311 - 325

7. A K-percent rule for monetary policy in West Germany

   • Joachim Scheide

   Articles Pages: 326 - 336

8. A causal analysis of black and official exchange rates: The turkish case

   • Vedat Akgiray
   • Kursat Aydogan
   • John Hatem

   Articles Pages: 337 - 345

9. A study of the determinants of intra-industry trade among the pacific basin countries

   • Young Sun Lee

   Shorter Papers & Comments Pages: 346 - 358

10. An implausible theory of inflation

    • Peter Bernholz
    • Hans Jürgen Jaksch

    Shorter Papers & Comments Pages: 359 - 365

11. Estimates of the elasticities of substitution between imports and home goods for the United States: Comment

    • Donald J. Rousslang

    Shorter Papers & Comments Pages: 366 - 370

12. Estimates of the elasticities of substitution between imports and home goods for the United States: Reply

    • Clinton R. Shiells
    • Robert M. Stern
    • Alan V. Deardorff

    Shorter Papers & Comments Pages: 371 - 374

13. Trade in services and returns on foreign direct investment

    • Eric D. Ramstetter
    • Chung H. Lee

    Shorter Papers & Comments Pages: 375 - 385

14. Trade in services and returns on multinational activity

    • Alan M. Rugman
    • Bernard Yeung

    Shorter Papers & Comments Pages: 386 - 391

15. On the exchange-rate elasticity of the demand for international reserves: Some evidence from industrial countries — A Comment

    • Peter S. Sephton

    Shorter Papers & Comments Pages: 392 - 393

16. On the exchange-rate elasticity of the demand for international reserves: Some evidence from industrial countries: A reply

    • Mohsen Bahmani-Oskooee
    • Farhang Niroomand

    Shorter Papers & Comments Pages: 394 - 396

17. Image und reality of the European monetary system - A review

    • Roland Vaubel

    Literature Pages: 397 - 405

18. Book reviews

    • Holger Schmieding
    • Peter Trapp
    • Hermann Sautter

    BookReview Pages: 406 - 434

19. Books received

    Announcement Pages: 435 - 436