Aspects of the international banking safety net

Recent Books in Ahcroeconomics* Adjustment, Conditionality, and International Financing. Joaquin Mum, ed. Washington, D.C.: International Monetary Fund, 1984. 214 pp. (ISBN 0-939934-28-O paperbound). This book is based on the papers and commentaries presented at an April 1983 IMF seminar in Chile. The papers were authored by Linda Koenig, John Bilson, Walter Robichek, Claudio Loser, Vito Tanzi, Mario Blejer, Sebastian Edwards, and Jack Guenther; Joaquin Muns provides a summary of the conference. The Age of Interdependence: Economic Policy in a Shrinking World. MA: MIT Press, 1984. 192 pp. Michael Stewart. Cambridge, $15.00 ISBN O-262-19225-X. In this book, Steward stresses the increased costs and risks of the main industrial countries following economic policies formulated without regard to their effects on other countries or on the longterm global future. Aspects of the international Bunking Safety Net. G.G. Johnson and Richard K. Abrams. Occasional Paper No. 17. Washington, D.C.: International Monetary Fund, 1983. 36 pp. ($5.00 ISBN 02516365 paperbound). The paper provides a qualitative assessment of the strengths and weaknesses of the existing safeguards for the continuity of international intermediation by banks. As background to that discussion it also presents, in general terms, some conceivable origins of banking problems and some of the possible consequences of such problems for the international economy. The Collaboration of Nations: A Study of Ezhropean Economic Policy. Douglas Dosser, David Gowland, and Keith Hartley, eds. New York: St. Martin’s Press, 1982. 252 pp. $25.00 ISBN 0-31214722-8. *Please mention the ordering from publishers.

Journal

of Macroeconomics,

Fall

1984,

Vol.

6, No.

4, when

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