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Development trends of the international derivatives market

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Języki publikacji
EN
Abstrakty
EN
The factors forming international derivatives market trends are researched in this article. The history of the formation of the global derivatives market was analyzed, in particular, events which have led to the growth of the derivatives market. Global derivatives market has revealed major changes in its trends and witnessed the gradual transformation of its structure, observed in recent years. Global derivatives market has revealed major changes in its trends and witnessed the gradual transformation of its structure, observed in recent years. Derivative risks were considered. Benefits of derivatives make them indispensable to the global financial system and the economy The essence, purpose and benefits of the use of derivatives and their role in the modern global financial markets analyzed. The classification of derivatives considered. The main uses for derivatives were single out. The dynamics of global exchange and OTC derivatives markets were analyze. Volatility of the economic environment was significantly improved, leading to a significant increase in financial risks and caused both the professional market and to institutional investors in dire need of new types of derivatives that would enable to effectively hedge to reduce losses in the event of unfavorable changes market and receive additional income from speculative transactions in the market. Possibility of exchange trading for OTC derivatives was emphasized. Courtesy comparative description of the scope and structure of the exchange and OTC derivatives markets were provided. The dynamics of world markets, interest rate derivatives and currency derivatives and studied their structure. The main trends and prospects of the modern international derivatives market are determined.
Twórcy
autor
  • Department of Foreign Economic and Customs Activity
autor
  • Department of Ukraine's economy Lviv National Ivan Franko University
autor
  • Department of management and international business, Lviv Polytechnic National University; S. Bandery str., 12, Lviv, 79013, Ukraine
Bibliografia
  • 1. V. Shelydko and V. Virchenko 2014. Modern trends of development of international derivatives market, Bulletin of Taras Shevchenko National University of Kyiv. Economics, 10(163): 81–87 (in Ukrainian).
  • 2. Shmuratko Ya. A. 2015. Trends of development of global and national derivatives market. Global and national economic problems. No. 8., 1075–1079 (in Ukrainian).
  • 3. Borynets S. and Delas V. 2012. Modern trends of the global currency market // Bulletin of Taras Shevchenko National University of Kyiv. Economics. №138, 18-21 (in Ukrainian).
  • 4. The Global Derivatives Market. – An Introduction, 2008, Published by Deutsche Borse AG, 42 Available online at: https://www.math.nyu.edu/faculty/avellane/global_deriva tives_market.pdf.
  • 5. Triennial and semiannual surveys: OTC derivatives statistics [Online] // Bank for International Settlements: [web-page]. Available online at: http://www.bis.org/publ/otc_hy1511.htm.
  • 6. Derivatives Market Surveys [Online] // World Federation of Exchanges & International Options Market Association: [web-page]. Available online at: http://www.world-exchanges.org/files/statistics.
  • 7. Dominic O’Kane. 2000. Introduction to default swaps. European fixed income research. Analytical Research Series. Lehman Brothers International. Available online at: http://www.learningace.com/doc/1395899/9d67aa2a21c8f989f225ed6a10a893e/lehmandefaultswaps.
  • 8. Mocherny S.V. 2000. The economic encyclopedia. Vol. 1. – Kyiv: Publishing Center “Academy”, 864. (in Ukrainian).
  • 9. Koehler and Christian. 2011. The Relationship between the Complexity of Financial Derivatives and Systemic Risk. Available at SSRN: http://ssrn.com/abstract=2511541.
  • 10. Fraser Malcolm, Pawan V. Sharma and Joseph Tanega. 1999. Derivatives: Optimal Risk Control, Financial Times. Available online at: https: //www.google.com.ua/search?hl=ru&tbo=p&tbm=bks&q=inauthor:%22PawanV.+Sharma%22.
  • 11. Exchange-traded derivatives statistics Available online at: http://www.bis.org/statistics/extderiv.htm.
  • 12. Shpak N., Goryachka O. and Adamiv M., 2013. The role of innovative creative collective sinanticipatory management ofenterprises. Econtechmod: аn international quarterly journal. – Lublin–Rzeszow. Vol. 2, No. 3., 12–18.
  • 13. Derivatives Market Landscape Spring May 23, 2013, CME GROUP. Available online at: https://www.cmegroup.com/trading/otc/files/derivativesmarket-landscape.pdf.
  • 14. Michael Chui. 2012. Derivatives markets, products and participants: an overview. IFC Bulletin No 35. Available online at: http://www.bis.org/ifc/publ/ifcb35.htm.
  • 15. Rohan Fernando. LLM FCMA ACMA CGMA. Are derivatives financial weapons of mass destruction? Available online at: https://www.linkedin.com/pulse/derivatives-financial-weapons-rohan-fernando.
  • 16. Cosmina Amariei and Deigo Valiante. 2014. The OTC Derivatives Markets after Financial Reforms’ ECMI Commentary, No. 36.
  • 17. Michael Snyder.2015. “The Horrific $1.5 Quadrillion Derivatives Bubble” Available online at: https://themillenniumreport.com/2014/07/will-the-1-5-quadrillionderivatives-market-collapse-in-2015/.
  • 18. Journal of Derivatives, Research and Markets, March 2016, Available online at:http://www.researchandmarkets.com/reports/1286181/journal_of_derivatives.
  • 19. Sabrina I. Pacifici. 2015. OTC derivatives statistics at end-June 2015 by on Nov 5, 2015. Available online at:http://www.bespacific.com/otc-derivatives-statistics-atend-june-2015/.
  • 20. Global Derivatives Market 2015-2019. Research and Markets, Infiniti Research Limited, November 2015, Available online at: http://www.reportsnreports.com/reports/443014-global-derivatives-market2015-2019.html.
  • 21. Derivatives and Risk Management made simple. The National Association of Pension Funds Limited, 2013.
Uwagi
PL
Opracowane ze środków MNiSW w ramach umowy 812/P-DUN/2016 na działalność upowszechniającą naukę
Typ dokumentu
Bibliografia
Identyfikator YADDA
bwmeta1.element.baztech-caeeaa91-b0fd-45cc-8a87-493c176f70e6
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