When I trailed this book three days ago I promised to let you know what I thought of it, once I had had a chance to look at it for myself (the publishers, palgrave macmillan, small letters throughout, describe it as 'riveting' you will recall).
Well, it thudded on to my door mat yesterday morning and such is my devotion to duty that here I am posting my initial reactions on a Sunday afternoon (just before the long dark tea-time of the soul).
This is a page-skipper rather than a page-turner, I'm afraid, 191 pages from Prologue to Epilogue. But, it is a veritable treasure trove of background information on everything that has gone wrong in the international financial world over the past 40-odd years, and what the authorities have done, or tried to do, to try and put things right.
For someone old enough to remember the collapse of the Bretton Woods fixed exchange regime in 1971 and the first oil shock in 1973, it's like walking down Memory Lane. For younger readers, it could prove to be a useful history lesson.
One mild personal criticism is that while it gives a quick thumbnail sketch of the Brady Plan, which helped the world recover from the Latin American and other debt crises of the 1980s, it makes not even a fleeting reference to my own small but crucial role in the change of thinking that led to the creation of the Brady Bond.
The title of the book, and some of the individual chapter titles (Indonesia With Nukes and The Korean Christmas Crisis) do their job effectively, persuading readers who might otherwise pass on by to take a look inside. But in my proofs-style copy the content is too dense, physically, as well as in terms of content for all but the most determined reader.
Everyone with an interest in international finance should have a copy on their bookshelf, even if it is only ever taken down, dusted and consulted in times of uncertainty.
A worthy contribution to the industry from Dr Onno de Beaufort Wijnholds, a former executive director of the International Monetary Fund, Fighting Financial Fires is available in hardback from September 2011 at a price of £26.00. Its ISBN is ISBN-978-0-230-29267-3.