Importance of forward contracts in the financial crisis
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.
Volume (Year): 1 (2012)
Issue (Month): 2 ()
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- Ross Levine, 2004.
"Finance and Growth: Theory and Evidence,"
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10766, National Bureau of Economic Research, Inc.
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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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