ABSTRACT
This issue of the Journal is devoted to papers dealing with various features of the financial process in developing countries. Although the field of finance has tended to be a neglected branch of development studies, there has recently been an upsurge of interest in this area stimulated, in large part, by the publication in 1973 of the influential books by McKinnon and Shaw. This interest is reflected in the increased number of papers concerned with finance which have been received by the Journal since 1973. Some of these papers, as well as some specially solicited, are presented here to provide an indication of the wide range of work currently in progress.
