Topics:

• 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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