involvement of banks. The impact of this new form of "speculation" on the price formation process on commodity futures markets is …

speculation per se, ignoring asset price bubbles and their macroeconomic effects. That is perhaps because his views were formed … during the era of financial regulation, when speculation “could do no harm as bubbles on a steady stream of enterprise … a whirlpool of speculation” has begun to ring true again. To deepen our understanding of financial fragility under …

equilibria that are profitable for a speculator. With no reserve price in the initial auction, speculation can enhance the … initial seller's expected revenue. On the other hand, speculation can harm the initial seller even if she chooses an optimal …

We apply Purchasing Power Parity (PPP) theory to the analysis of long- run equilibrium in the foreign exchange market … passing of time appreciated in real terms. The fact that PPP theory was applied to two southern European countries deserves a …