Financial Markets, Speculation, and Development - The Role of Monetary Policy in Emerging and Traditional Economies

This book offers a comprehensive and interdisciplinary exploration of the intricate linkages among financial markets, speculative behavior, monetary policy, and economic development. Bridging the domains of financial, monetary, and development economics, it provides a unique analytical framework that is both conceptually rigorous and empirically grounded. Designed primarily for researchers in Economics and Finance, the book also holds significant value for market practitioners and policymakers seeking deeper insights into the dynamic interactions across asset classes and policy instruments.
Special attention is given to the evolving role of the cryptocurrency market and its implications for traditional stores of value such as gold and national currencies, including the US dollar, British pound, euro, and Japanese yen. The book critically examines how crypto assets may be perceived as a threat by central banks and governments, raising questions of sovereignty, regulation, and financial stability.
In addition to theoretical discussions, a dedicated empirical chapter evaluates the proposed linkages through data-driven analysis, enhancing the book s academic contribution and practical relevance. By demystifying complex economic relationships and presenting them in an accessible manner, this work serves as a valuable resource for understanding how monetary policy and speculative motives influence capital flows and development outcomes across diverse financial landscapes.

List of contents

Chapter 1: Financial markets and speculative motivations.- Chapter 2: The relationship between financial markets and economic development.- Chapter 3: Monetary policy and money flow between financial markets.- Chapter 4: Empirical investigation.- Chapter 5: Conclusion, discussion, and policy implications.

About the author

Abdorasoul Sadeghi
holds a Ph.D. in Monetary Economics from Shiraz University and a postdoctoral fellowship at the University of Tehran. His research spans institutional, financial, monetary, and development economics, with a particular emphasis on analytical and policy-oriented inquiry. He has published in highly ranked, internationally recognized journals and serves as a reviewer for several top-tier global journals. His work reflects a sustained commitment to rigorous scholarship and the advancement of economic research.

Hela Nammouri
is an Associate Professor of Finance and leads the “Green Finance & Innovation” research axis at ESDES Business School (UCLy) in Lyon, France. She holds a Ph.D. in finance from University of Paris‑Saclay (University of Évry–Val‑d’Essonne). Her research focuses on green finance, behavioral finance, and financial markets, using quantitative and econometric methods. Her work has appeared in international peer‑reviewed journals, including the Journal of Economic Dynamics and Control, Energy Economics, Applied Economics, and Finance Research Letters. She also serves as an Associate Editor at Research in International Business and Finance and reviews for leading journals.

Seyed Komail Tayebi
is a Professor of International Economics and Econometrics at the Department of Economics, University of Isfahan, Iran. He is also serving as the Director, Center of Excellence for International Economics (CEIE), University of Isfahan and the Editor-in-Chief of the International Economics Studies. He received his PhD from University of Wollongong, Australia in 1996. During 2005-2006, he was a visiting professor at the Southern Methodist University (SMU), Dallas, USA. He was also appointed as a distinguished professor in the country by the Ministry of Science, Research and Technology in 2007. Professor Tayebi has been a member of Asia Pacific Economic Forum (AFEF) since 2002, being appointed as the APEF president in 2008 and 2009. He has also been a member of Association of Korea Economic Studies (AKES) since 2010. Prof. Tayebi has presented and published his research extensively in international conferences and journals in the areas of international trade and economic integration, modeling financial crisis, micro-econometrics, SMEs, and technology spillovers. He is one of the most accomplished economists of Iran, and academic leader with rich and diverse experience in international economics and its linkages to promote R&D, technology, and scientific spillovers. 


Professor Tayebi is now serving as the President ECO Science Foundation (ECOSF). With more than 25 years of international development and a long-standing commitment to socio-economic development of the ECO region, Prof. Tayebi brings a unique set of knowledge, wealth of experience, and academic excellence to lead ECOSF into the future.

Summary

This book offers a comprehensive and interdisciplinary exploration of the intricate linkages among financial markets, speculative behavior, monetary policy, and economic development. Bridging the domains of financial, monetary, and development economics, it provides a unique analytical framework that is both conceptually rigorous and empirically grounded. Designed primarily for researchers in Economics and Finance, the book also holds significant value for market practitioners and policymakers seeking deeper insights into the dynamic interactions across asset classes and policy instruments.
Special attention is given to the evolving role of the cryptocurrency market and its implications for traditional stores of value such as gold and national currencies, including the US dollar, British pound, euro, and Japanese yen. The book critically examines how crypto assets may be perceived as a threat by central banks and governments, raising questions of sovereignty, regulation, and financial stability.
In addition to theoretical discussions, a dedicated empirical chapter evaluates the proposed linkages through data-driven analysis, enhancing the book’s academic contribution and practical relevance. By demystifying complex economic relationships and presenting them in an accessible manner, this work serves as a valuable resource for understanding how monetary policy and speculative motives influence capital flows and development outcomes across diverse financial landscapes.

Product details

• Authors: Hela Nammouri, Abdorasoul Sadeghi, Seyed K Tayebi, Seyed Komail Tayebi
• Publisher: Springer, Berlin
• Languages: English
• Product format: Hardback
• Release: 30.04.2026
• EAN: 9789819558940
• ISBN: 978-981-9558-94-0
• No. of pages: 140
• Illustrations: XII, 140 p. 63 illus., 41 illus. in color.
• Subjects: Social sciences, law, business > Business > Economics; Makroökonomie, Datenbanken, Blockchain, Kryptografie, Verschlüsselungstechnologie, Macroeconomics and Monetary Economics, Development Economics, Financial Technology and Innovation, Finanzenwesen und Finanzindustrie, Interdisciplinary Economics Research, Financial Markets and Economic Development, Speculative Motives in Finance, Monetary Policy Impact Analysis, Cryptocurrency vs National Currencies