Спекуляция как закономерность финансового биржевого и небиржевого рынков (в защиту спекуляции)

Наука и практика. Научно-аналитический журнал РЭУ им. Г.В. Плеханова. 2020. № 3 (39). С. 75–85.

Галанов В. А., Galanova A.

Speculative activity is a necessary component of the purchase and sale relationship in the stock and foreign exchange markets, as well as in the market for financial derivatives. Speculative activity has the most pronounced public character in the exchange markets. The economic purpose of speculation in these financial markets is twofold. On the one hand, speculative trading, due to its massiveness and systematic nature, acts as a key way of setting prices for financial assets (stock assets, financial derivatives, exchange rates), which, unlike the prices of material goods, do not have their own cost basis. On the other hand, speculative participants in the financial market use personal savings as a source of their commercial money capital, which are thus involved in the circulation of social capital rather than being used for personal consumption. Speculation allows to make the random pricing of financial assets logical.

Keywords: финансовый рынок, фондовая биржа, спекулятивный капитал, ценная бумага, спекуляция, производный финансовый инструмент, спекулятивный доход, спекулятивная прибыль