In This Review

The Politics of International Monetary Reform-The Exchange Crisis
The Politics of International Monetary Reform-The Exchange Crisis
By Michael J. Brennan
Ballinger, 1976, 144 pp
Purchase
Floating Exchange Rates-The Lessons of Recent Experience
Floating Exchange Rates-The Lessons of Recent Experience
Edited by H. Fournier and J. E. Wadsworth
Sijthoff, 1976, 229 pp
Purchase

"How we got here" and "where we are" might be the titles for these helpful books. Brenner, a political scientist, deploys all the latest fashions in terms and catchwords but then settles down to a valuable analytic history of how government officials and central bankers coped with the troubles of the early 1970s. He stresses short-run views and partial approaches to what became a major change in the system. The largely European contributors to the other volume, many of them bankers and businessmen, discuss the results as of autumn 1974.