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Speculation. Its causes, consequences, and history

Thursday, 28 March, 2013 - 15:00 to Thursday, 28 March, 2013 - 17:00
Campus: Brussels Humanities, Sciences & Engineering campus
Aula QB
Paul Jorion
Guest lecture


  • Speculation is justified by the fact it provides “liquidity”. What do we mean by “liquidity”? 
  • Does speculation provide it?
  • The motives for speculation
  • The costs of speculation: economic and social
  • The successful campaign to allow speculation (1850-1890)
  • Stock exchanges. Should we go back to “fixing” and dispose of continuous pricing?

Questions or remarks? Contact Goedele.Nuyttens@vub.ac.be

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