Abstract

MALDONADO NARVAEZ, MARLON IVAN. Financial bubbles and their risks for the effectiveness of law. Rev. Derecho [online]. 2023, n.60, pp.196-207.  Epub Feb 13, 2024. ISSN 0121-8697.  https://doi.org/10.14482/dere.60.791.356.

It is possible to affirm that financial bubbles have been present throughout almost the entire economic history of the civilized world. In fact, the growth of trade and financial activity has led to an increase in the frequency with which these financial bubbles appear. Effects that are accentuated considering that the financial markets have been opening up more and more not only for professional investors, but also for consumers in general. This implies an increase in the harmful effects that a bubble can represent, and the risk that States cannot guarantee the protection of social and economic rights of consumers. In this scenario, the fintech phenomenon is analyzed and whether this trend could become a future bubble, which is why the implementation of a regulation that is adequate to guarantee economic growth and the competitiveness of financial activity is recommended, while the rights of the people who invest in said companies are protected.

Keywords : Financial bubble; legal protection; consumers; fintech.

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