Luiz Fernando de Paula, University of the State of Rio de Janeiro, Brazil Fernando Ferrari-Filho, Federal University of Rio Grande do Sul, BrazilJesus Ferreiro, University of the Basque Country, SpainValpy Fitzgerald, University of Oxford, UKAline Gomes, University of the State of Rio de Janeiro, BrazilPatricia Peinado, University of the Basque Country, SpainFelipe Serrano, University of the Basque Country, SpainHoward Stein, University of Michigan, USA John Weeks, University of London, UK

• 1. The Great Recession, Capital Market Failure and International Financial Regulation; Valpy Fitzgerald 2. A Progressive International Monetary System: Growth Enhancing, Speculation Reducing and Cross-Country Equity; John Weeks 3. The Financial Transactions Tax: Its Potential and Feasibility; Philip Arestis and Malcolm Sawyer 4. Global Imbalances and Capital Movements as Constraints to the International Economic Recovery; Jesús Ferreiro, Patricia Peinado and Felipe Serrano 5. Africa and the Perversities of International Capital Flows; Howard Stein 6. Capital Flows, International Imbalances and Economic Policies in Latin America; Luiz Fernando de Paula and Fernando Ferrari-Filho