Foreword, Introduction, Trade Restrictions and Economic Welfare, On Making the Best of Balance-of-Payments Restrictions on Imports, The Optimal Tariff from an International Standpoint, The Loss from Trade Restriction, International Monetary System, International Liquidity: Ends and Means, The Fund and International Liquidity, Use and Acceptance of Reserve Claims, Towards Assessing the Need for International Reserves, Balance-of-Payments Policy and the Adjustment Process, Exchange Depreciation and Financial Policy and the Domestic Price Level, Domestic Financial Policies under Fixed and under Floating Exchange Rates, Official Intervention on the Forward Exchange Market, Guidelines for Balance-of-Payments Adjustment under the Par-Value System, Dual Exchange Rates for Current and Capital Transactions: A Theoretical Examination, Wider Margins of Exchange Rate Variation, Index.