Journal article
Lessons in structuring derivatives exchanges
The World Bank research observer, v 15(1), pp 85-98
01 Feb 2000
Featured in Collection : UN Sustainable Development Goals @ Drexel
Abstract
The global deregulation of financial markets has created new investment opportunities, which in turn require the development of new instruments to deal with the increased risks. Institutional investors who are actively engaged in industrial and emerging markets need to hedge their risks from these cross-border transactions. Agents in liberalized market economies who are exposed to volatile commodity price and interest rate changes require appropriate hedging products to deal with them. And the economic expansion in emerging economies demands that corporations find better ways to manage financial and commodity risks. The instruments that allow market participants to manage risk are known as derivatives. Derivatives are traded in organized exchanges or over the counter by derivative dealers. Since the mid-1980s, the number of derivatives exchanges operating in both industrial and emerging-market economies has increased substantially. The benefits these exchanges provide to investors and to the home country are discussed.
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Details
- Title
- Lessons in structuring derivatives exchanges
- Creators
- George TsetsekosPanos Varangis
- Publication Details
- The World Bank research observer, v 15(1), pp 85-98
- Publisher
- Oxford Publishing Limited (England)
- Resource Type
- Journal article
- Language
- English
- Academic Unit
- Finance
- Web of Science ID
- WOS:000087524200005
- Scopus ID
- 2-s2.0-0034043580
- Other Identifier
- 991019168234804721
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- Collaboration types
- Domestic collaboration
- Web of Science research areas
- Development Studies
- Economics