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The Future Of The International Monetary System

Edited by Omar F. Hamouda, Robin Rowley and Bernard M. Wolf
Reviewed by By William Diebold, Jr.
Winter 1989/90
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Edited by Omar F. Hamouda, Robin Rowley and Bernard M. Wolf
Sharpe
1989
223 pp.
$39.95

Digging deeper than most, this volume includes several long analyses of the debt problem and good statements of the case for an international monetary system based on paper, commodities, gold, purchasing power parity and modified Bretton Woods principles, among other things. Younger experts appear along with such veterans as Edward Bernstein, Albert Gailord Hart and Robert Triffin. More than one is, as Robert Solomon calls himself, "a reformed international monetary reformer." Naturally there is no consensus but many are attracted by that elusive pimpernel, the coordination of macroeconomic policies.

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