In This Review

American Loans to Germany
American Loans to Germany
By Robert R. Kuczynski
Macmillan, 1927, 378 pp

A recent addition to the series of excellent monographs published under the auspices of the Institute of Economics. The author, a well-known German economist, examines the nature and terms of the loans made to Germany in the last few years and discusses the uses to which they have been put. The importance of the question for American investors need not be pressed, and this volume is a work of reference of great value, though it does not attempt to enter into the question of the advisability of continuing large-scale investments abroad.