Under the great crystal chandeliers of Vienna's Neue Hofburg palace finance ministers and bankers from the 73 Western, African and Asian nations belonging to the International Monetary Fund last week grappled with a problem inconceivable only five years ago. The underlying—though unconfessed—preoccupation of the Vienna meeting; how to keep the U.S. dollar from being bullied by the newly muscular currencies of France, West Germany, Italy and Japan.
The Long Line. The 14-year-old I.M.F. acts as a sort of international monetary pawnbroker. When a nation finds its world business so bad that it...
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