Derivatives as a Factor of Economic Risks Increase

Authors

  • Иван Александрович Дарушин St. Petersburg State University, 7–9, Universitetskaya nab., St. Petersburg, 199034, Russian Federation https://orcid.org/0000-0001-5246-3056

Abstract

The paper is devoted to the questions of interaction between derivatives’ and spot markets. The primary goal of the research is proving the following hypothesis: derivatives segment is the factor of strengthening instability at financial markets during the crisis periods. The author considers principles of interaction between derivatives’ and money segments and develops the model of such interaction.

Keywords:

derivatives’ market, forward market, spot market, markets interaction, market equilibrium, economic risks

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Author Biography

Иван Александрович Дарушин, St. Petersburg State University, 7–9, Universitetskaya nab., St. Petersburg, 199034, Russian Federation

кандидат экономических наук, доцент

References

Литература на русском языке

Буренин А. Н. Рынки производных финансовых инструментов. М.: Инфра-М, 1996.

Михайлов Д. Д. Мировой финансовый рынок: тенденции развития и инструменты. М.: Экзамен, 2000.


References in Latin Alphabet

Castelino M. G. Minimum-Variance Hedging with Futures Revisited // The Journal of Portfolio Management. 1990. N 16(3).

Franckle C. The Hedging Performance of the New Futures Market: Comment // Journal of Finance. 1980. N 35(5).

Herbst A. F., Kare D. D., Caples S. C. Hedge Effectiveness and Minimum Risk Hedge Ratios in the Presence of Autocorrelation: Foreign Currency Futures // Journal of Futures Markets. 1989. N 9(3).

Hicks J. R. The Foundations of Welfare Economics // Economic Journal, 1939.

Kaldor N. Essays on Economic Stability and Growth. London, 1960.

Keynes J. M. A Tract on Monetary Reform. London: Macmillan, 1924.

Keynes J. M. Treatise on Money. Vol. 2. London: Macmillan, 1924.


Translation of references in Russian into English

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Published

2010-03-30

How to Cite

Дарушин, И. А. (2010). Derivatives as a Factor of Economic Risks Increase. St Petersburg University Journal of Economic Studies, (1), 035–045. Retrieved from https://economicsjournal.spbu.ru/article/view/2971

Issue

No. 1 (2010)

Section

Finance, Credit, Insurance

License

Articles of the St Petersburg University Journal of Economic Studies are open access distributed under the terms of the License Agreement with Saint Petersburg State University, which permits to the authors unrestricted distribution and self-archiving free of charge.

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