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The Growing Importance Of Capital Market Derivatives In Romania And Their Impact In The European Economy


  • Lect. Raducu Stefan BRATU, PhD

    (University of Craiova Faculty of Economics and Business Administration Craiova, Romania)

  • Assist.Lect. Sorin Marius TUDOR, PhD

    (University of Craiova Faculty of Economics and Business Administration Craiova, Romania)


The volume of transactions and the growing importance of derivatives on the capital market in Romania involve the growth of their influence and the markets they take part in. This implies a major study of their role in the economy, especially in the context of economic crises. The present paper will present a brief survey related to derivatives, their emergence and evolution history, types of instruments and how they are mainly used, major trends and their impact on the economy in general, and commercial and banking systems in particular. Thus, derivatives currently play a particularly important role in the global economic system. Nevertheless, their role and impact has not been studied at the same level as bond markets and shares, at a time when the influence of prices and relationships that form the derivatives market is not less, but, in some areas, it is much greater than the impact of traditional financial instruments.

Suggested Citation

  • Lect. Raducu Stefan BRATU, PhD & Assist.Lect. Sorin Marius TUDOR, PhD, 2014. "The Growing Importance Of Capital Market Derivatives In Romania And Their Impact In The European Economy," Revista Tinerilor Economisti (The Young Economists Journal), University of Craiova, Faculty of Economics and Business Administration, vol. 1(23), pages 101-108, November.
  • Handle: RePEc:aio:rteyej:v:1:y:2014:i:23:p:101-108

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    financial instruments; derivatives; crisis; banking system.;

    JEL classification:

    • G13 - Financial Economics - - General Financial Markets - - - Contingent Pricing; Futures Pricing
    • G15 - Financial Economics - - General Financial Markets - - - International Financial Markets
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages


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