1. The International Business Cycle in a Changing World: Volatility and the Propagation of Shocks in the G-7

   • Pedro J. Perez
   • Denise R. Osborn
   • Michael Artis

   OriginalPaper Pages: 255 - 279

2. Joining the European Monetary Union—Comparing First and Second Generation Open Economy Models

   • Vo Phuong Mai Le
   • Patrick Minford

   OriginalPaper Pages: 281 - 296

3. Economic Integration and Manufacturing Concentration Patterns: Evidence from MERCOSUR

   • Iulia Traistaru-Siedschlag
   • Christian Volpe Martincus

   OriginalPaper Pages: 297 - 319

4. Trade Verticality and Structural Change in Industries:The Cases of Taiwan and South Korea

   • Hung-Yi Chen
   • Yang-Ming Chang

   OriginalPaper Pages: 321 - 340

5. Devaluation, Capital Formation, and the Current Account

   • Wen-Ya Chang
   • Hsueh-Fang Tsai

   OriginalPaper Pages: 341 - 357