ABSTRACT
The economy of the free world is probably controlled by fewer than 500 men who guide the surging flow of money through the invisible financial pipelines. There is a strange, mysterious quality about financial rankings that brings to mind the smoke-filled boardrooms of high finance peopled by the gnomes of Zurich. External public debt represents outstanding publicly guaranteed loans that have been disbursed less can guaranteed loans that have been disbursed less canceled loan commitments and repayments of principal. The growth in money stock is a reliable index of a economic phenomena such as inflation, strength of currency and international reserves. It is also one of the currency and international reserves. One of the principal financial criteria of the relative economic health of a country is the size of its international nomic health of a country is the size of its international reserves.
