Speculation and Sovereignty: an insidious interaction

Abstract

This article reviews and analyses several of the most significant developments in financial markets since the irruption of the financial crisis and their regulatory responses. The article centers the various evolving forms of speculation around the ‘too big to fail’ problematic, with particular emphasis given to the growing and problematic relationship between private bank speculation and government debts. Despite initial promising responses by various national governments and international bodies such as the G20, regulations have not addressed the principle forces behind the crisis.