Conventional wisdom has treated international trade as the motive force behind international financial flows. However, the last quarter of this century has witnessed an upsurge in the volume of international financial flows which have gained a momentum of their own, thus dwarfing the role of international trade. This increase in volume is generated by the large size of the international financial market systems, which are more closely integrated today than ever before. Dilip K. Das demonstrates that the development of a whole range of financial instruments is one of the key forces behind greater integration of financial markets. "International Finance" provides students of economics, finance and business management with medium-level discussion on international finance issues which are neither introductory nor over-specialized in nature. Six themes are developed which encompass some of the most practical and useful facets of international finance.