This reissue, first published in 1984, presents a study of the key phenomenon of global banking, carried out from special financial centres in underdeveloped countries, which contributed heavily to the contemporary debt crisis. This book gathers together previously disparate and unpublished data to give a detailed picture of the scope and the effects of transnational banking in the new international financial centres which have largely been set up since 1970.
1. The New International Financial Centres 2. International Financial Centres in Underdeveloped Countries 3. Interpretations of the International Financial Centres 4. Functions of the International Financial Centres 5. Conclusions