Advanced Search
MyIDEAS: Login

Importance of forward contracts in the financial crisis

Contents:

Author Info

  • Marina Djenic

    ()
    (Faculty of Economics, Finance and Administration, Teaching Assistant)

  • Snezana Popovcic-Avric

    ()
    (Faculty of Economics,Finance and Administration, Professor)

  • Lidija Barjaktarovic

    ()
    (Faculty of Economics, Finance and Administration, Assistant Professor)

Registered author(s):

    Abstract

    This research paper focuses on the level of development of the forward market in Serbia and examines the presence and advancement of use of forward contracts. Despite a de facto present volatility, the economy does not use this hedging instrument frequently. The research starts from the analysis of the legal framework that refers to the implementation of forward contracts, followed by the analysis of the level of development of the forward market, endeavouring to find the answer to the question why local companies have not yet clearly understood their own benefits from the use of this instrument in their day-to-day operations. The research is aimed to examine the use of forward contracts in Serbia, as well as the key economic and legal issues which are relevant for their successful implementation.

    Download Info

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
    File URL: http://www.cbcg.me/repec/cbk/journl/vol1no2-4.pdf
    Download Restriction: no

    Bibliographic Info

    Article provided by Central bank of Montenegro in its journal Journal of Central banking Theory and Practice.

    Volume (Year): 1 (2012)
    Issue (Month): 2 ()
    Pages: 75-96

    as in new window
    Handle: RePEc:cbk:journl:v:1:y:2012:i:2:p:75-96

    Contact details of provider:
    Postal: Bulevar Svetog Petra Cetinjskog br. 6, 81000 Podgorica
    Phone: +382 20 403 136
    Fax: +382 20 664 029
    Email:
    Web page: http://www.cbcg.me/eng/index.php?bl=journal
    More information through EDIRC

    Related research

    Keywords: forward contracts; forward markets; hedging; foreign exchange rate; foreign exchange risk;

    Find related papers by JEL classification:

    References

    References listed on IDEAS
    Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
    as in new window
    1. Levine, Ross, 2005. "Finance and Growth: Theory and Evidence," Handbook of Economic Growth, in: Philippe Aghion & Steven Durlauf (ed.), Handbook of Economic Growth, edition 1, volume 1, chapter 12, pages 865-934 Elsevier.
    2. Levine, Ross, 1996. "Financial development and economic growth : views and agenda," Policy Research Working Paper Series 1678, The World Bank.
    Full references (including those not matched with items on IDEAS)

    Citations

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:cbk:journl:v:1:y:2012:i:2:p:75-96. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ().

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.