Chapter 1 Introduction -- Chapter 2 The Speculator, and Financial Innovations: an Old Portrait -- Chapter 3 The Speculator, and Financial Innovations: a New Portrait -- Chapter 4 Uncertainty: the Necessary Unknowable Road to Speculation -- Chapter 5 Economic Bubbles, Schemes, and Market Failures...

"This is a much-needed work in the financial literature, and it is the first book ever to analyse the use of Special Purpose Acquisition Companies (SPACs) from a theoretical and practical perspective. By the end of 2020, more than 240 SPACs listed in the U.S. (on NASDAQ or the NYSE), raising a...

The paper aims at providing a thorough overview of the special nature of card payment systems that are a well-known example of two-sided markets. Indeed, card payment systems are an instance of two-sided market because they serve two different groups of customers or end-users (i.e. cardholders...

The purpose of this work is to prove that SPACs are a useful investment tool to empower the capital markets, and promote a new “M&A era”, arguing the main economical issues of asymmetric information, moral hazard and agency costs that could arise. Thus, this paper will suggest for the first...