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We investigate nonlinear periodic and solitary two-dimensional rolling waves in a falling two-layer liquid film in the regime of non-zero Reynolds numbers. At any flow rate, a falling two-layer liquid film is known to be linearly unstable with respect to long-wave deformations of the liquid-air surface and liquid-liquid interface. Two different types of zero-amplitude neutrally stable waves propagate downstream without growing or shrinking: a zig-zag surface mode and a thinning varicose interface mode. Using a boundary-layer reduction of the Navier-Stokes equation, we investigate the onset, possible bifurcations and interactions of nonlinear periodic travelling waves. Periodic waves are obtained by continuation as stationary periodic solutions in the co-moving reference frame starting from small-amplitude neutrally stable waves. We find a variety of solitary waves that appear when a periodic solution approaches a homoclinic loop. Wave interactions are studied using direct numerical simulations of the boundary-layer model. We reveal that in the early stages of temporal evolution coarsening is dominated by an inelastic collision and merging of waves that travel at different speeds. Eventually, coarsening becomes arrested when the waves have reached the largest admissible amplitude. Bifurcation analysis confirms the existence of an upper bound of possible solitary wave amplitudes, thus explaining the arrest of coarsening. In the mixed regime, when both mode types are unstable, the temporal dynamics becomes highly irregular due to the competition between a faster-travelling zig-zag mode and a slower-travelling varicose mode. A quintessentially two-layer dynamical regime is found, which corresponds to a ruptured second layer. In this r