Importance of forward contracts in the financial crisis
AbstractThis 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.
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Bibliographic InfoArticle provided by Central bank of Montenegro in its journal Journal of Central banking Theory and Practice.
Volume (Year): 1 (2012)
Issue (Month): 2 ()
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More information through EDIRC
forward contracts; forward markets; hedging; foreign exchange rate; foreign exchange risk;
Find related papers by JEL classification:
- G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
- E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
- F31 - International Economics - - International Finance - - - Foreign Exchange
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.:
- 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
- Levine, Ross, 1996.
"Financial development and economic growth : views and agenda,"
Policy Research Working Paper Series
1678, The World Bank.
- Ross Levine, 1997. "Financial Development and Economic Growth: Views and Agenda," Journal of Economic Literature, American Economic Association, vol. 35(2), pages 688-726, June.
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