La formación de burbujas especulativas y la crisis financiera: teoría y políticas de prevención

Abstract

During the last three decades, financial crises have been more frequent, deep and with higher magnitude. Their results have been devastating in social terms, impacting economic development and inequality. In this context, this document aims to conceptualize about speculative bubbles formation and its relationship with financial crisis. To achieve that purpose, main theories and ideas around those topics are exposed. The hypothesis is that speculative bubbles and crises formation responds to market system dynamics. Due to the importance of financial crisis and speculative bubbles, prevention and regulation policies are proposed, to promote financial system reforms enhancing economic growth and diminishing uncertainty in inancial markets.