000			01973cam a2200277 4500
008			710407t1971 nyuaaaaerbs 001 0 eng
020			_a0870142216
040			_aDLC _cDLC
050	0	0	_aHG3881 _b.M49
082	0	0	_a382.17 _bMIC
100	1		_aMichaely, Michael.
245	1	4	_aThe responsiveness of demand policies to balance of payments: postwar patterns /
260			_aNew York : _bNational Bureau of Economic Research; distributed by Columbia University Press, _cc1971.
300			_axviii, 299 p. :ill,
440		0	_aStudies in international economic relations,
500			_aIncludes index
504			_aIncludes bibliographical references.
520			_aThis 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.
590			_ausc 12/04/18
591			_aLoans
650		0	_aBalance of payments.
650		0	_aForeign exchange.
650		0	_aEconomic policy.
942			_2ddc _cBOOK
949			_a382.17 MIC
999			_c7886 _d7886