I picked this book up at the tourist store of the Palace Museum of the Bogd Khan (in Ulaan Baatar). It was printed in 1988 and the price of the book has increased a cool 1000-fold since then.
The book contains all sorts of folk stories from Mongolia. Most particularly, the first group of stories, legends, are very interesting. These are the kind of stories that explain how the great bear did originate. One part of the book, that deals with magic, gets boring quite quickly. These group of stories seem to lack insight and don't appear to be inventive.
However, a lovely book to read with some outright fantastic shorts.