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Author:Fieleke, Norman S. 

Journal Article
Europe in 1992

New England Economic Review , Issue May , Pages 13-26

Journal Article
The quest for sound money: currency boards to the rescue

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
Perspective on Bretton Woods

Regional Review , Issue Spr , Pages 5

Journal Article
International payments imbalances in the 1980's: an overview

New England Economic Review , Issue Mar , Pages 3-15

Working Paper
Exchange-rate flexibility and the efficiency of the foreign- exchange markets

International Finance Discussion Papers , Paper 44

Conference Paper
International payments imbalances in heavily indebted developing countries

Conference Series ; [Proceedings] , Volume 32 , Pages 58-102

Journal Article
One trading world, or many: the issue of regional trading blocs

Over the past several decades, more and more countries have entered into preferential trading arrangements, provoking concern that the benefits of free trade are being sacrificed to growing discrimination. Just how widespread is this discrimination in international trade, and is it "legitimate" under the codes of international behavior to which countries generally subscribe? What does economic theory tell us about the likely consequences of such discrimination, and why do so many nations engage in it? ; The author finds that most of the preferential trading arrangements, accounting for ...
New England Economic Review , Issue May , Pages 3-20

Journal Article
Popular myths about the world economy

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

What is the balance of payments?

Special Report

Journal Article
The liberalization of international trade and payments in Eastern Europe

Few events can match the opening of the Berlin Wall as an historic symbol. Among the many things promised by that opening was the liberalization of trade that had been closely controlled for many years by the communist governments of Eastern Europe. This promise has virtually been realized in East Germany as that nation has unified with its neighbor to the West. Progress in other East European countries (including the Soviet Union) is uneven, however, because of concern over the costs of adjusting to freer trade. ; This article examines the nature, motivation, and consequences of ...
New England Economic Review , Issue Mar , Pages 41-51