1. Will the role of the dollar as the international reserve currency be challenged?

   • Freddy Van den Spiegel

   OriginalPaper Pages: 293 - 304

2. Lead markets, innovation differentials and growth

   • Marian Beise

   OriginalPaper Pages: 305 - 328

3. Employment adjustment in two countries with poor reputations: Analysis of aggregate, firm, and flow data for Portugal and Germany

   • John T. Addison
   • Paulino Teixeira

   OriginalPaper Pages: 329 - 348

4. Monetary policy in the Euro area – lessons from the first years

   • Volker Clausen
   • Bernd Hayo

   OriginalPaper Pages: 349 - 364