1. Introduction -- 2. Costs and benefits of capital account liberalization for developing countries : theoretical and empirical evaluation -- 3. Financial liberalization and economic policy in Brazil in 1990-2009 -- 4. Recent changes in capital controls and foreign exchange rules in Brazil -- 5....

This paper seeks to fill a gap in the literature on frontier market economies (FMEs) with the following two research questions: (i) Which are the drivers of FMEs' integration into financial globalisation? (ii) What explains the greater vulnerability of FMEs compared to emerging market economies...

"This volume focuses on current issues of debate in the area of modern macroeconomics and money, written from (a broadly interpreted) post Keynesian perspective. The papers connect with Philip Arestis' contributions to macroeconomics and money, and pay tribute to his distinguished...