The course presents a historical survey of the commonly accepted monetary systems developed over the last two centuries, such as the Gold Standard, the Bretton Woods system, the present system of managed flexibility and the European Monetary System. Special attention is devoted to the structure of the international banking system, the prevailing functions and tools of international banks, the nature of overseas operations and the degree of access of the leading financial markets, analysis of the world debt problem, risk and repayment problems in international lending, with special reference to the LDCs and come Central and Eastern European countries.

*Course content subject to change