Eleven recent books are surveyed in a review article which finds that there is still no up-to-date and comprehensive treatment of the interests and roles of the developing countries in the international monetary system. The rise of international commercial bank lending to developing countries has significantly altered the system by which balance-of-payments credit is offered. The International Monetary Fund has been relatively weakened, with especially serious implications for the poorest countries. Stabilization at both global and national levels has thus been impaired.