From the reviews: "The book starts with the basic notion of absolute values followed by a comprehensive introduction to the theory of Krull valuations of arbitrary rank leading eventually to some deep results of recent research. ... A useful feature of the book are its two appendices dealing with classification of V-topologies and ultraproducts of valued fields. The concise style and choice of material makes this book a wonderful reading. It is a unique, original exposition full of valuable insights." (Sudesh Kaur Khanduja, Zentralblatt MATH, Vol. 1128 (6), 2008)