“French–German Interest Rate Differentials and Time–Varying Realignment Risk,” by Francesco Caramazza [93/1]

“Cash–Flow Tax,” by Parthasarathi Shome and Christian Schutte [93/2]

“Stabilization Programs and External Enforcement: Experience from the 1920s,” by Julio A. Santaella [93/3]

“Working Paper Summaries,” compiled by the Editorial Division [93/4]

“Taxes and the Price Level: A Further Examination of the PPP Hypothesis,” by Ephraim Kleiman [93/5]

“Resource Allocation During the Transition to a Market Economy: Policy Implications of Supply Bottlenecks and Adjustment Costs,” by Joshua Aizenman and Peter Isard [93/6]

“High Real Interest Rates Under Financial Liberalization: Is There a Problem?” by Vicente Galbis [93/7]

“Alternative Social Security Systems in CIS Countries,” by S. Ehtisham Ahmad and Jean–Luc Schneider [93/8]

“Poverty, Demographic Characteristics, and Public Policy in CIS Countries,” by S. Ehtisham Ahmad [93/9]

“Portfolio Performance of the SDR and Reserve Currencies: Tests Using the ARCH Methodology,” by Michael G. Papaioannou and Tugrul Temel [93/10]

“Capital and Trade as Engines of Growth in France: An Application of Johansen’s Cointegration Methodology,” by David T. Coe and Reza Moghadam [93/11]

“Auctions: Theory and Possible Applications to Economies in Transition,” by Robert A. Feldman and Rajnish Mehra [93/12]

“Exchange Rate Unification with Black Market Leakages: Russia 1992,” by Linda S. Goldberg [93/13]

“A Comparative Analysis of the Structure of Tax Systems in Industrial Countries,” by Enrique G. Mendoza, Assaf Razin, and Linda L. Tesar [93/14]

“Asset Pricing in the International Economy,” by José M. Barrionuevo [93/15]

“Economic Restructuring, Unemployment, and Growth in a Transition Economy,” by Bankim Chadha, Fabrizio Coricelli, and Kornélia Krajnyák [93/16]

“Economic Consequences of Lower Military Spending: Some Simulation Results,” by Tamim Bayoumi, Daniel Hewitt, and Jeral Schiff [93/17]

“Military Expenditures 1972–1990: The Reasons Behind the Post–1985 Fall in World Military Spending,” by Daniel P. Hewitt [93/18]

“The Yield Curve and Real Activity.” by Zuliu Hu [93/19]

“Monetary and Exchange Rate Arrangements for NAFTA,” by Tamim Bayoumi and Barry Eichengreen [93/20]

“A Primer on Tax Evasion,” by Vito Tanzi and Parthasarathi Shome [93/21]

“Fiscal Policy and the Economic Restructuring of Economies in Transition.” by Vito Tanzi [93/22]

“Conducting Monetary and Credit Policy in Countries of the Former Soviet Union: Some Issues and Options,” by Hugh Brendenkamp [93/23]

“The Demand for M1 in the United States: A Comment on Baba, Hendry, and Starr,” by James M. Boughton [93/24]

“Centralized Bargaining, Efficiency Wages, and Flexibility,” by Ramana Ramaswamy and Robert Rowthorn [93/25]

“Intertemporal Substitution in Consumption Revisited,” by Zuliu Hu [93/26]

“Public Expenditure Policy and the Environment: A Review and Synthesis,” by Sanjeev Gupta, Kenneth Miranda. and Ian Parry [93/27]

“Evaluating the EMS and EMU Using Stochastic Simulations: Some Issues,” by Paul R. Masson and Steven Symansky [93/28]

“Stabilization Dynamics and Backward–Looking Contracts,” by Guillermo A. Calvo and Carlos A. Végh [93/29]

“Determinants of Private Investment in Pakistan,” by Khaled Sakr [93/30]

“Savings, Growth, and Capital Markets Imperfections: The Case of Borrowing Constraints,” by José De Gregorio [93/31]