This series spans the globe presenting leading research in economics. It is perhaps a sign of the times that economic weapons such as sanctions seem to be as powerful as or more so than tanks. International applications and examples of economic progress are invaluable in a troubled world with economic booms bursting like so many penny balloons. Contents: Preface; High Inflation Episodes in Transition Economies: An Empirical Analysis; Testing for Model Mis-Specification and Bubbles under the Chinese Hyperinflation; The Duality of Market Structures; Inflation and Unemployment: What's the Connection?; The Idea of Economic Freedom; Stimulating Clean Technology; Paternalistic Altruism, Life-Cycle Hypothesis, and the Ricardian Equivalence; The Effect of Volatility in the Federal Funds Rate on Commercial Bank Borrowing at the Discount Window; Vietnam's Transition to a Market Economy; Maquiladoras and NAFTA: The Economics of US-Mexico Production Sharing and Trade; Trade Conflict and the US-European Union Economic Relationship; Index.