1. External adjustment

   • Maurico Obstfeld

   Articles Pages: 541 - 568

2. Nominal shocks and the current account: A structural VAR analysis of 14 OECD countries

   • Massimo Giuliodori

   Articles Pages: 569 - 591

3. Balance sheet effects and the country risk premium: An empirical investigation

   • Juan Carlos Berganza
   • Roberto Chang
   • Alicia García Herrero

   Articles Pages: 592 - 612

4. The role of credibility in the cyclical properties of macroeconomic policies in emerging economies

   • César Calderón
   • Roberto Duncan
   • Klaus Schmidt-Hebbel

   Articles Pages: 613 - 633

5. The role of innovation and opportunity in bilateral OECD trade performance

   • Prabuddha Sanyal

   Articles Pages: 634 - 664

6. The dynamics of European industrial structure

   • Patrik Gustavsson Tingvall

   Articles Pages: 665 - 687

7. Efficiency spillovers from foreign direct investment in the EU periphery: A comparative study of Greece, Ireland, and Spain

   • Salvador Barrios
   • Sophia Dimelis
   • Eric Strobl

   Articles Pages: 688 - 705

8. The Swedish real exchange rate under different currency regimes

   • Anna S. Larsson

   Shorter Paper Pages: 706 - 727

9. Book reviews

   • Joachim Wagner
   • Richard Pomfret
   • Emanuel Kohlscheen

   BookReview Pages: 728 - 733