In This Review

The International Monetary Fund 1966-1971
The International Monetary Fund 1966-1971
Edited by Margaret Garritsen de Vries
International Monetary Fund, 1976, pp

It is admirable that an international organization should provide a thorough, documented history of its activities while events are still fresh in memory and relevant to current affairs. Following the 20-year history published in 1969, the period of the new volumes starts with a major innovation, the creation of SDRs, and ends with the near-disruption of the international monetary system and the temporary holding operation of the Smithsonian Agreement. A long-time member of the Fund staff, Mrs. de Vries writes on her own responsibility and provides a valuable, discreet insider's analysis.