Money: A Heroic Defense

While their names are seldom in the headlines and the real extent of their power is appreciated by only a few in siders, there is in the non-Communist world a band of global money managers who have done almost as much as politicians or generals to head off crisis and knit nations together. Using their specialized skills, they have built a delicately balanced monetary structure that for 20 years has helped to expand trade, travel and economic growth around the world. Last week they faced — and over came — the greatest...