Financial instruments’ duality and public policies – The Tulipmania case

Abstract The purpose of the research – which this text presents only a first part is to show that duality specific financial instruments positive role in market growth and counteracting risks, respectively negative through speculative massification influenced by public policies. Assuming crises as moments truth, I analyse various data for Tulipmania, Great Depression Recession how they evolve under impact My hypothesis with development capitalism, policies have an increasing on instruments, namely one. Here present few methodological aspects Tulipmania case other two cases will at FIBA session where policy intervention has been minimal: both previous one, regulating tulip market, later liquidating crisis its consequences. Dutch economy society time was relatively small; bubbles similar did not occur Netherlands. analysed highlight following stage results: a). free immune effects but b). it capacity educate players, avoid moral hazard and, long run, reduce risks. lesson minimal does distort operation, introduce additional elements.