This paper aims at analyzing the main determinants and impacts of the recent wave of European banks entering Brazil. The principal hypothesis of the paper is that the wave of European banks can only be understood if one considers both external and internal determinants. External determinants...

This article develops a critical view of the conventional currency crises models from a Post Keynesian perspective. Besides, it also presents a Post Keynesian proposal to reform the international monetary system, based on Keynes's ideas and Davidson's works.