In This Review

The Dilemmas of the Dollar: The Economics and Politics of United States International Monetary Policy
The Dilemmas of the Dollar: The Economics and Politics of United States International Monetary Policy
By C. Fred Bergsten
New York University Press (for the Council on Foreign Relations), 1976, 584 pp.

At long last, this massive study of the possible futures of the dollar appears at a propitious moment. While there were times in the recent past when the shape of the future world monetary system seemed clear, that is not so now, and thus Mr. Bergsten's cost-benefit analysis of alternatives has real meaning, for foreigners as well as Americans. The study also contains a wealth of historical material.

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