This vital new Handbook is an authoritative volume presenting key issues in finance that have been widely discussed in the financial markets but have been neglected in textbooks and the usual compilations of conventional academic wisdom.

This paper argues that Brazil has become subject to new forms of external vulnerability, which led to one of the largest exchange rate depreciations among emerging markets in the recent global financial crisis. Going beyond traditional external vulnerabilities in the form of creditor-debtor...

Insofar as the global crisis of 2007-9 can be understood as a fully-fledged crisis of the financialisation era, it has presented new challenges for central banks. However, this paper argues the central banks� interventions in key middle income countries (Brazil and Korea) have reinforced...