The book is divided into four modules. The first module covers extensively various aspects of International Banking - focusing on the recent changes in the functioning of these banks along with the gradual evolving of the global monetary system during the last six decades. The second module deals with the dynamic global foreign exchange and money markets with particular reference to the Indian markets. The third module covers, inter alia, the various methods through which export and import transactions can be financed, and elaborates on the institutions which are involved in such financing and in providing insurance cover. The last module dwells with the derivative transactions for hedging risks from currency exposures. The book has been structured primarily keeping in view the needs of those bank officials who intend to appear for optional paper on International Banking for the CAIIB qualification. However, the book will also be of interest to those who would like to have a view of the entire gamut of international banking - the risks and the challenges in today's liberalised global markets.