In This Review

Money in International Exchange: The Convertible Currency System
Money in International Exchange: The Convertible Currency System
By Ronald I. McKinnon
Oxford University Press, 1979, 294 pp

Those who want to find out how money is used in international trade can learn much from this systematic, detailed analysis that describes public and private practices with only a limited use of mathematics. The author, a major authority, makes a number of novel points.