Bruno Bonizzi is a Senior Lecturer in Finance at the University of Hertfordshire, Business School, UK. Annina Kaltenbrunner is Associate Professor in the Economics of Globalisation and the International Economy at Leeds University Business School, UK. Raquel A. Ramos is a Research Associate at the Centre d’Économie de l’Université Paris Nord, France.
"""Although several theoretical and empirical Post-Keynesian contributions usually recognize the relevance of real factors in the context of small open economies, this book points out in a complementary and virtuously way the importance of financial factors and their relevance for policymakers in the case of trade and financially integrated EMEs. In this vein, the book provides a crystal clear insight into some relevant Post-Keynesian contributions that show the importance of financial integration as a key conceptual device to understand the challenges that EMEs’ governments face in terms of the financial deregulation tendencies experimented through the last decades, the resulting mounting financial instability and its relation to volatile capital gross flows, their negative impact on exchange rates, the notion of monetary sovereignty, and the need of adopting macroprudential policies to control the negative effects of greater financial instability and contribute to exchange rate stability."" Fernando Toledo Review of Political Economy"