Dollar Politics: Exchange Rate Policymaking In The United States
Reviewed by William Diebold, Jr.
America is not yet used to having an exchange rate policy, but how its policy has been handled in the 1980s is the subject of this inquiring book. Only a few parts of the government are involved, and the authors recommend some changes to ensure that what has been "a strikingly private affair"-but one not immune to politics-actually serves the broad public interest. Naturally this gets them into matters of substance as well as process, and the book is all the better for it.
