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.