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This topical volume analyzes the impact of the 2008 financial crisis. It considers the origins and explanations of the current crisis, examines the regulatory implications and, with specific focus on developing countries, it provides a strategy for economic growth that can guarantee financial stability in the future.

This volume consolidates the ideas that a group of post Keynesian and structuralist economists have been developing since the turn of the century, principally in Brazil. These ideas relate both to 'new developmentalism' - an alternative national development strategy to the neoclassical Washington Consensus, and which gives the state a strategic role in promoting economic growth - and to a collection of new and systematic models that combine modern post Keynesian macroeconomics with an updated development economics in which the exchange rate plays a key role.