Mr. Wallich’s study is divided into two major sections. He devotes the first to a description of the Cuban economy and to a historical review of Cuban monetary events and policies since 1914, discussing policy alternatives that were open to Cuba at various critical points in its monetary career. The second half of the book is largely analytical. Here Mr. Wallich discusses the forces governing the Cuban economy, and brings a modern analysis to bear upon the peculiarities of a mono-cultural export economy. This book should go far towards providing a real understanding of the needs of export economies the world over, whose welfare is the announced policy of the United States.