VOLUME 15 NUMBER 1 SPRING 2001

Credit Markets and Unemployment in the Short Run and in the Long Run

ETIENNE WASMER AND PHILIPPE WEIL



Rent Seeking, the Bracero Program and Current Mexican Farm Labor Policy

L. BASURTO, C. D. DELORME, JR. AND D.R. KAMERSCHEN



Exchange Rate Pass-Through in an International Duopoly Model with Brand Loyalty

BYOUNG-KY CHANG



Optimal Currency Target Zones: How Wide Should Exchange Rate Bands Be?

JOON-HWAN IM



An Empirical Assessment of Monetary Policy Responses to Capital Inflows in Asia before the Financial Crisis

SUNG Y. KWACK



Dynamics of Macroeconomic Addjustment with Growth: Some Simulation Results

SUSHANTA K. MALLICK



A Coalition-Form Analysis of the "One Country - One Vote" Rule in the Governing Council of the Equropean Central Bank

ULRICH BINDSEIL



Currency Hedging for Export-Flexible Firms

KIT PONG WONG

THE KOREA INTERNATIONAL ECONOMIC ASSOCIATION