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Palgrave Macmillan

The Speculator of Financial Markets

How Financial Innovation and Supervision Made the Modern World

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  • © 2023

Overview

  • Provides a full overview of the role played by the speculator in financial markets
  • Introduces the topic of market complexity by reflecting on risk and uncertainty in financial markets
  • Identifies the objectives of financial regulation within the context of three major modern financial crises

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About this book

The book illustrates financial markets from the point of view of their subjectivity, namely by analysing one of the most prominent figures among market operators: the speculator. Whereas many textbooks or monographs are strictly devoted to the analysis of financial law or history, this book tells a remarkable story based on markets’ boom-bust, expectations, banks’ fragilities, market sentiment, desires, and dreams. In light of this, D’Alvia provides unique financial knowledge and delivers a book that constitutes an outstanding introduction to the topic of the speculator through its historical account and its evolution till modern days. Academics, lawyers, financial regulators, and retail and qualified investors should save a space for it on their shelves.


Keywords

Table of contents (7 chapters)

Reviews

“Are those speculating on the financial markets angels or devils? Daniele D’Alvia offers fascinating prospective on speculators and the effects of their transactions. This book is worth the risk!”

Felix Steffek, Professor of Corporate Law, University of Cambridge, Newnham College 

“This book is an extensive and well-researched delve into history analogised to the financial markets, reflecting upon philosophical and sociological concerns.  The book is a good read, providing insights into financial markets speculation, including risk-taking, financial bubbles and short-selling.”  

Bobby V. Reddy, Professor of Corporate Law and Governance, University of Cambridge, Churchill College

“This book provides a fascinating historical account of the financier framed as 'speculator'. Financial decisions and transactions ultimately boil down to exercises of individualism which can seem anti-social under certain circumstances. However, theseconveniently labelled villains are inherently fundamental to the financial eco-system, and the book provides a nuanced and highly readable historical account of their framing. The book engages with history, philosophy, ethics and also ponders on the role of regulation. A richly informed book and resource for academics, researchers and practitioners in the financial industry.”

Iris H. Chiu, Professor of Corporate Law and Financial Regulation, University College London (UCL), University of London 

Authors and Affiliations

  • Queen Mary University of London, London, UK

    Daniele D’Alvia

About the author

Daniele D’Alvia is a Lecturer in Banking and Finance Law at Queen Mary University of London, Centre for Commercial Law Studies (CCLS). He is an Associate Research Fellow at the Institute of Advanced Legal Studies in London, and Associate Researcher at the European Banking Institute in Frankfurt.

Bibliographic Information

  • Book Title: The Speculator of Financial Markets

  • Book Subtitle: How Financial Innovation and Supervision Made the Modern World

  • Authors: Daniele D’Alvia

  • Series Title: Palgrave Macmillan Studies in Banking and Financial Institutions

  • DOI: https://doi.org/10.1007/978-3-031-47901-4

  • Publisher: Palgrave Macmillan Cham

  • eBook Packages: Economics and Finance, Economics and Finance (R0)

  • Copyright Information: The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG 2023

  • Hardcover ISBN: 978-3-031-47900-7Published: 31 December 2023

  • Softcover ISBN: 978-3-031-47903-8Published: 17 January 2025

  • eBook ISBN: 978-3-031-47901-4Published: 30 December 2023

  • Series ISSN: 2523-336X

  • Series E-ISSN: 2523-3378

  • Edition Number: 1

  • Number of Pages: XI, 304

  • Number of Illustrations: 2 b/w illustrations, 2 illustrations in colour

  • Topics: Capital Markets, International Finance, Finance, general, Financial History

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