Interest rate derivatives in developing countries in Europe

Czasopismo

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• Autorzy: Slobodan Cerovic , Marina Pepic
• Języki publikacji: EN

Abstrakty

EN

Financial derivatives (interest rate futures, options and swaps) are a very simple way to minimize interest rate risk and therefore are extremely popular. The value of interest rate derivatives transactions in the world is increasing dramatically. Unfortunately, this is not the case with developing countries in Europe. Although significantly increased in the last decade, interest rate derivatives markets in developing countries are still in nascent stage. In most developing countries still the main problem for the interest rate derivatives development is the lack of basic conditions, including inadequate measurement of interest rate risk exposure, underdevelopment of financial markets in general and especially of market instruments that underlying derivatives, weak and/or inadequate infrastructure and legal framework, misunderstanding and lack of experience in operations with financial derivatives and the complexity of the derivatives accounting. (original abstract)

Słowa kluczowe

EN

Interest rate; Developing countries; Yield curve; Macroeconomics

PL

Stopa procentowa; Kraje rozwijające się; Krzywa dochodowości; Makroekonomia

• Czasopismo: ---
• Strony: 38--42

Twórcy

autor

Slobodan Cerovic

• University of Singidunum, Serbia

autor

Marina Pepic

• University of Singidunum, Serbia

Bibliografia

• BIS, 2010. Triennial and semiannual surveys, Positions in global over-the-counter (OTC) derivatives markets at end-June 2010, Monetary and Economic Department, November 2010
• BIS, 2010. Triennial Central Bank Survey Foreign exchange and derivatives market activity in April 2010, Preliminary results, Monetary and Economic Department, September 2010
• BIS, 2010. Quarterly Review, December 2010