Naslov
Derivatives in emerging markets

Autori
Mihaljek, Dubravko ; Packer, Frank

Izvornik
BIS Quarterly Review (1683-0121) 15 (2010), 4; 43-58

Vrsta, podvrsta i kategorija rada
Radovi u časopisima, članak, znanstveni

Ključne riječi
derivatives markets ; foreign exchange derivatives ; interest rate derivatives ; emerging market economies ; determinants of derivatives turnover

Sažetak
Turnover of derivatives has grown more rapidly in emerging markets than in developed countries. Foreign exchange derivatives are the most commonly traded of all risk categories, with increasingly frequent turnover in emerging market currencies and a growing share of cross-border transactions. As the global reach of the financial centres in emerging Asia has expanded, the offshore trading of many emerging market currency derivatives has risen as well. Growth in derivatives turnover is positively related to trade, financial activity and per capita income.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

POVEZANOST RADA