Ramesh F. Ramsaran is Reader in International Economic Relations at the Institute of International Relations at the University of the West Indies in Trinidad.

Ramesh Ramsaran An Introduction to International Money and Finance A comprehensive survey on Developments in the area of international money and finance over the post war period. The book, although relatively concise is remarkable in terms of the breadth and depth of its coverage. It provides a very clear description of the structure and operational features of the multilateral financial institutions and helps to shed light on the reasons for the controversies surrounding their operations. The chapter on international banking is of particular value. Professor Karl M. Dennett, Associate Professor, University of Waterloo. International finance is the most important but least understood element of the processes of globalisation now sweeping the world. In this insightful and timely new book, Professor Ramsaran performs an invaluable service in uncovering the key issues in a reader-friendly way. Of particular significance is its focus on the developing countries which are too often overlooked in existing studies. Teachers of economics and politics will welcome the opportunity this book provides to introduce a complex subject to students in an informed way. Dr Paul Sutton, Centre of Developing Area Studies, The University of Hull.

• List of Tables Preface Acknowledgements Diagrams Emerging Trends in the International Trading and Financial System International Trade and Payments The International Monetary System The Foreign Exchange Market, Exchange Rated Determination and Rate Systems International Banking The Debt Crisis and the International Financial System International Development Assistance External Development Finance and the Multilateral Financial Institution Private Foreign Investment (PFI) Index

Ramesh F. Ramsaran is Reader in International Economic Relations at the Institute of International Relations at the University of the West Indies in Trinidad.

Ramesh Ramsaran An Introduction to International Money and Finance A comprehensive survey on Developments in the area of international money and finance over the post war period. The book, although relatively concise is remarkable in terms of the breadth and depth of its coverage. It provides a very clear description of the structure and operational features of the multilateral financial institutions and helps to shed light on the reasons for the controversies surrounding their operations. The chapter on international banking is of particular value. Professor Karl M. Dennett, Associate Professor, University of Waterloo. International finance is the most important but least understood element of the processes of globalisation now sweeping the world. In this insightful and timely new book, Professor Ramsaran performs an invaluable service in uncovering the key issues in a reader-friendly way. Of particular significance is its focus on the developing countries which are too often overlooked in existing studies. Teachers of economics and politics will welcome the opportunity this book provides to introduce a complex subject to students in an informed way. Dr Paul Sutton, Centre of Developing Area Studies, The University of Hull.

• List of Tables Preface Acknowledgements Diagrams Emerging Trends in the International Trading and Financial System International Trade and Payments The International Monetary System The Foreign Exchange Market, Exchange Rated Determination and Rate Systems International Banking The Debt Crisis and the International Financial System International Development Assistance External Development Finance and the Multilateral Financial Institution Private Foreign Investment (PFI) Index