Boundary conformal field theory is the suitable framework for a microscopic
treatment of D-branes in arbitrary CFT backgrounds. In this work, we devel
op boundary deformation theory in order to study the changes of boundary co
nditions generated by marginal boundary fields. The deformation parameters
may be regarded as continuous moduli of D-branes. We identify a large class
of boundary fields which are shown to be truly marginal, and we derive clo
sed formulas describing the associated deformations to all orders in pertur
bation theory. This allows us to study the global topology properties of th
e moduli space rather than local aspects only. As an example, we analyse in
detail the moduli space of c = 1 theories, which displays various stringy
phenomena. (C) 1999 Elsevier Science B.V.