TY  - BOOK
AU  - Michaely,Michael
TI  - The responsiveness of demand policies to balance of payments: postwar patterns
SN  - 0870142216
AV  - HG3881 .M49
U1  - 382.17 
PY  - 1971///
CY  - New York
PB  - National Bureau of Economic Research; distributed by Columbia University Press
KW  - Balance of payments
KW  - Foreign exchange
KW  - Economic policy
N1  - Includes index; Includes bibliographical references
N2  - This book deals with the responsiveness of economic policy, mainly monetary and fiscal policies, to balance-of-payments developments in nine countries (Belgium, France, Germany, Italy, Japan, the Netherlands, Sweden, the United Kingdom, and
the United States) during the 1950-66 period. Earlier research done by Nurkse [6] and Bloomfield [1] investigated whether central banks had followed the so-called "rules of the game" implied by a gold-standard system. In an analysis of 26 countries
covering the 1922-38 period, Nurkse found that in about 60 percent of the cases changes in the domestic assets of central banks were compensated for by opposite movements in foreign assets. The book consists of twelve chapters and an appendix. The first three chapters are devoted to a presentation of the problem, a discussion of methodological issues,and a summary of the major empirical findings. The remaining nine chapters
specialize in the analysis of individual countries. The organization well as the presentation and evaluation of  evidential material are order to facilitate inter country comparisons
ER  -