The aim of this thesis is to study the behaviour of the money supply of Trinidad and Tobago during the period from 1797 to 1964, and to relate it to the economic development of the country. No attempt will be made to discuss the implications of the Central Bank of Trinidad. The study ends at the time when the Bank was set up. In the course of the thesis I have described the capital market institutions and given a historical account of the development of the monetary framework of the economy. Both this, and the empirical analysis of the operations of the main institutions - the Eastern Caribbean Currency Board and the commercial banks for the period 1946 - 1964, have not, to my knowledge, been done before. It is hoped that these sections will be of value to students of money and banking, planning further studies in this field. [...]

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