Abstract
Relatively few years ago, a discussion of international financial affairs could have by-passed the problems of developing and emerging economies. This is no longer the case. Many issues and challenges face these economies, including financial crises, capital flows and the financing of development, capital volatility and the liberalisation of the capital account of the balance of payments, foreign aid, external debt, the role of the IMF and other international financial institutions, macroeconomic stabilisation and adjustment, economic liberalisation and the choice of exchange rate regime. Analysis of these issues is frequently scattered across several books and articles. In International Finance and the Developing Economies, renowned economist Graham Bird collects together a selection of his work to provide a comprehensive review of the questions and the policy options that confront those involved in reforming the international monetary system.