Luiz Fernando de Paula is Associate Professor of Economics of the University of the State of Rio de Janeiro, Brazil.

• Forreward 1. Introduction Part I 2. Costs and Benefits of Capital Account Liberalization for Developing Countries: Theoretical and Empirical Evaluation 3. Financial Liberalization and Economic Policy in Brazil in 1990-2009 4. Recent Changes in Capital Controls and Foreign Exchange Rules in Brazil 5. The Debate on Capital Account Convertibility and Capital Controls in Brazil 6. Financial Liberalization, Economic Performane and Macroeconomic Stability in Brazil: an Empirical Evaluation 7. The Internationalization of Banks: Evolution, Characteristics and Recent Trends 8. Foreign Banks Entry in Latin America: Dterminants and Strategies 9. Banking Consolidation after the Real Plan : Determinants and Impacts 10. Foreign Bank Entry, Mergers and Acquisitions and Banking Efficiency: an Empirical Assessment Part III 11. Summary and Conclusion

Luiz Fernando de Paula is Associate Professor of Economics of the University of the State of Rio de Janeiro, Brazil.

• Forreward 1. Introduction Part I 2. Costs and Benefits of Capital Account Liberalization for Developing Countries: Theoretical and Empirical Evaluation 3. Financial Liberalization and Economic Policy in Brazil in 1990-2009 4. Recent Changes in Capital Controls and Foreign Exchange Rules in Brazil 5. The Debate on Capital Account Convertibility and Capital Controls in Brazil 6. Financial Liberalization, Economic Performane and Macroeconomic Stability in Brazil: an Empirical Evaluation 7. The Internationalization of Banks: Evolution, Characteristics and Recent Trends 8. Foreign Banks Entry in Latin America: Dterminants and Strategies 9. Banking Consolidation after the Real Plan : Determinants and Impacts 10. Foreign Bank Entry, Mergers and Acquisitions and Banking Efficiency: an Empirical Assessment Part III 11. Summary and Conclusion

Luiz Fernando de Paula is Associate Professor of Economics of the University of the State of Rio de Janeiro, Brazil.

• Forreward 1. Introduction Part I 2. Costs and Benefits of Capital Account Liberalization for Developing Countries: Theoretical and Empirical Evaluation 3. Financial Liberalization and Economic Policy in Brazil in 1990-2009 4. Recent Changes in Capital Controls and Foreign Exchange Rules in Brazil 5. The Debate on Capital Account Convertibility and Capital Controls in Brazil 6. Financial Liberalization, Economic Performane and Macroeconomic Stability in Brazil: an Empirical Evaluation 7. The Internationalization of Banks: Evolution, Characteristics and Recent Trends 8. Foreign Banks Entry in Latin America: Dterminants and Strategies 9. Banking Consolidation after the Real Plan : Determinants and Impacts 10. Foreign Bank Entry, Mergers and Acquisitions and Banking Efficiency: an Empirical Assessment Part III 11. Summary and Conclusion