Working Paper
Exchange-rate flexibility and the efficiency of the foreign- exchange markets
Fieleke, Norman S. (1974)
International Finance Discussion Papers , Paper 44

Conference Paper
International payments imbalances in the 1980s: an overview
Fieleke, Norman S. (1988)
Conference Series ; [Proceedings] , Volume 32 , Pages 1-18

Journal Article
International capital transactions: should they be restricted?
Fieleke, Norman S. (1994-03)
Many countries have shifted toward freer markets in recent years. This shift is far from complete or free from backsliding, however. Moreover, a number of prominent economists contend that government restrictions should be maintained, or at least kept in reserve, for certain categories of transactions, such as international capital movements. In particular, it is sometimes argued that capital controls should be used to buttress the Exchange Rate Mechanism of the European Monetary System, which has been undermined by speculative attacks. ; Following a capsule summary of the recent use of ...
New England Economic Review , Issue Mar , Pages 27-39

Conference Paper
International payments imbalances in the 1980s: proceedings of a conference held October 1988
Fieleke, Norman S. (1989-10)
Conference Series ; [Proceedings] , Volume 32 , Issue Oct

Journal Article
Commerce with the newly liberalizing countries: promised land, quicksand, or what?
Fieleke, Norman S. (1990-05)
As liberalization takes on convincing shape and substance in Eastern Europe and the Soviet Union, international entrepreneurs the world over are entertaining visions of capitalizing on new business opportunities. No doubt the transformation of heretofore centrally directed economies into more nearly market economies will bring such opportunities, and will entail significant, if not dramatic, changes in the international commerce of these economies. ; is article presents an overview of trade between the "newly liberalizing countries," or NLCs, and the rest of the world, and tenders some ...
New England Economic Review , Issue May , Pages 19-33

Journal Article
Uruguay Round of trade negotiations: industrial and geographic effects in the U.S
Fieleke, Norman S. (1995-07)
No other international trade negotiations have been so comprehensive as the Uruguay Round, in which participants agreed to liberalize trade in agricultural products, to reduce tariffs on industrial products by an average of more than one-third, and to establish a World Trade Organization. This article examines the effects of the Uruguay Round agreements to liberalize trade in goods, focusing primarily on the United States. The analysis suggests that the agreements will have only a negligible impact upon employment in nearly every U.S. manufacturing sector, in every state, and in the country ...
New England Economic Review , Issue Jul , Pages 3-11

Journal Article
Perspective on Bretton Woods
Fieleke, Norman S. (1994-04)
Regional Review , Issue Spr , Pages 5

Journal Article
Unilateral international transfers: unrequited and generally unheeded
Fieleke, Norman S. (1996-11)
Among the major categories of international transactions, perhaps none is usually farther from the limelight than unilateral, or unrequited, transfers. This obscurity is puzzling, because countries' net receipts or payments of unrequited transfers often exceed their international balances on both trade and current account and sometimes amount to sizable fractions of their national incomes, and maintaining equilibrium in international payments in the face of sizable transfers is a challenging issue.> This article discusses the singular nature of unrequited transfers, recalls an historic, and ...
New England Economic Review , Issue Nov , Pages 27-37

Journal Article
The quest for sound money: currency boards to the rescue
Fieleke, Norman S. (1992-11)
Some countries with high inflation have adopted another nations more stable currency: Panama uses the U.S. dollar, gaining price stability and easier trade with its primary partner. But this arrangement grants an interest-free loan to the government whose currency is used. And the nation using the currency forgoes any income on the foreign currency holdings. ; One alternative, a currency board, achieves the other countrys monetary stability without these costs. Currency boards issue a domestic currency in return for the foreign currency, at a fixed exchange rate. Boards also hold assets ...
New England Economic Review , Issue Nov , Pages 14-24

Journal Article
Popular myths about the world economy
Fieleke, Norman S. (1997-07)
Many of us "know" things that are not true, and we sometimes act, or urge our representatives to act, on our mistaken beliefs. This article examines three common myths, or misconceptions, about the international economy. The author points out that, as with most myths, these embody grains of truth, but if accepted without qualification they could lead to grievous policy errors.> The author analyzes three common false assumptions: that global competition prevents inflation; that fair trade requires equal labor standards; and that small firms cannot profitably export. Global competition is a ...
New England Economic Review , Issue Jul , Pages 17-26