Prof Luiz Fernando de Paula is Professor of Economics at the University of the State of Rio de Janeiro, and Researcher of the National Council for Scientific and Technological Development (CNPq), both in Brazil .He is currently the Chairman of the Brazilian Keynesian Association (AKB). He has been Visiting Research Fellow at St Antony’s College (2000-2001) and at the Centre for Brazilian Studies (2006), University of Oxford. He has published a lot of papers in books (chapters) and academic journals (Cambridge Journal of Economics, Journal of Post Keynesian Economics, ECLAC Review, International Review of Applied Economics, Brazilian Journal of Political Economy, etc.), and has edited (with Prof Arestis) Monetary Union in South America (Edward Elgar, 2003) and Financial Liberalization and Economic Performance in Emerging Countries (Palgrave Macmillan, 2008). He is also author of Financial Liberalization and Economic Performance: Brazil at the Crossroads (Routledge, 2011). His research interests are in the areas of macroeconomic policy, monetary economics, banking, international financial flows and Post Keynesian economics.