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Economics of the International Financial System offers an illuminating, engaging and lucid account of the working of 21st-century global political economy. From a macroeconomic perspective, it explores how major capitalist economies are closely integrated with each other in that none can remain unaffected by economic events around the globe.

The book is one of the first in its genre to examine:

• the origin and relevance of international money as a concept and phenomenon;
• the structure of various money markets;
• the nature and functioning of...