Introduction; P.Arestis & L.F.de Paula Financial Liberalisation and Domestic Policy Space: Theory and Practice with Reference to Latin America; J.Kregel Capital Account Management or Laissez-faire of Capital Flows in Developing Countries; J.Priewe Financial Liberalisation, Exchange Rate Regimes and Economic Performance in BRICs Countries; L.F.de Paula The Liberalization of Capital Outflows in Brazil, India and South Africa since the Early 1990s; R.Gottschalk & C.A.Sodré Financial Liberalisation in Brazil and Argentina; F.J.C.de Carvalho Capital Controls and Economic Development in China; H.Herr De-regulated Finance and Impact on Corporate Investments: The Case of Industry and Labour in India; S.Sen Does Ownership Explain Bank M&A? The Case of Domestic Banks and Foreign Banks in Brazil; F.C.Williams & J.Williams