1 Table of Contents: “... varying expected returns and the business cycle on international financial markets -- 5 Testing a...”

2 Table of Contents: “...Business Cycles in Portugal: Theory and Evidence -- Financial Liberalization and Adhesion to EMS...”

3 Table of Contents: “... not Matter in Japan: A Kalman Filter Approach to Real Business Cycle Theory -- 14 International Welfare...”

4 Table of Contents: “... Democracies -- Political Exchange Rate Cycles: Theory and Empirical Evidence -- Participants...”

5 Table of Contents: “... Hypothesis -- 6 The Effects of Institutional Innovations -- 6.1 The Introduction of Project Cycle Management...”