This book is an analysis of the evolution of the international monetary system, an assessment of its current status, and an evaluation of its prospects for the future. W. M. Scammell, an experienced commentator and well-known expert in the field of economics, examines both the internal and external economic and historical forces that affect the stability of the system and seeks to define the necessary balance of conditions that permits the continued viability of the system. The Stability of the International Monetary System uses a descriptive approach to its subject that makes it readily accessible to the nonspecialist and student. This lucid analysis will appeal to economists, historians, and political scientists, and will be extremely useful in upper-level undergraduate economics courses.