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Dean's Lecture: Alexander Ljungqvist

Professor Alexander Ljungqvist delivered a Dean’s Lecture asking the controversial question, "What if ... the stock market disappears?"

Professor Alexander Ljungqvist delivered a Dean’s Lecture asking the controversial question, "What if ... the stock market disappears?"

Professor Ljungqvist, the Ira Rennert Chair in Finance and Entrepreneurship at New York University Stern School of Business and director of the NYU Salomon Center was introduced by Head of the Faculty of Finance, Professor Paolo Volpin.

Professor Ljungqvist said: “The title is clearly provocative and it hasn’t happened yet – as far as I know! [The stock market] was still there this morning!”

He took staff, students, alumni and guests through the history of the stock market before concluding that it gives ordinary investors the opportunity to participate in the wealth created by growth companies, and without it wealth inequality “could well widen”.

Summing up he warned: “This hasn’t happened yet – but it could. And perhaps we are reaching a tipping point.”

Please click here to download presentation slides from this lecture.

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