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The global derivatives trend in 2008

Author

Listed:
  • Mircea CIOLPAN
  • Catalin ADAM

    (University of Craiova)

Abstract

The global crisis put under question the economical theories about capital markets. Financial derivatives create problems for the legal context of these markets as well as for the way in which such financial instruments can be controlled by the final user. A derivative product may be an instrument of covering the inevitable risks from any economic activity, or may be a perfect instrument adapted to speculation. Duality is even greater as it cannot be a hedger without a speculator. The investors with high risk appetite meet the investors with risk aversion. In order to have a correct environment on the derivatives markets, regulations should establish the market rules, who should participate, how and when new instruments should appear.

Suggested Citation

  • Mircea CIOLPAN & Catalin ADAM, 2009. "The global derivatives trend in 2008," Finante - provocarile viitorului (Finance - Challenges of the Future), University of Craiova, Faculty of Economics and Business Administration, vol. 1(9), pages 293-298, May.
    • Handle: RePEc:aio:fpvfcf:v:1:y:2009:i:9:p:293-298
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    More about this item

    Keywords

    global crisis; capital markets; risks;
    All these keywords.

    JEL classification:

    • G01 - Financial Economics - - General - - - Financial Crises
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill

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