Several emerging economies have, until recently, experienced large government surpluses and accelerating foreign exchange reserve accumulation. This has been accompanied by economic booms, exchange rate appreciations and in some cases increases in domestic inflation. We show that one way to...

Places the concept of “national order” in the context of seventeenth century Europe, describes its characteristics and relates it to mercantilism, i.e. using economic activity to serve the interests of the nation. Outlines the ideas of one merchant of this time, quoting from his writings to...

A Short Course in International Payments describes how to use letters of credit and documentary collections, how to grant and obtain credit, and how to use cyberpayments in international trade. The book also has an excellent section on trade documentation