| Author: | Yu, Ming Yu, Manning |
| Title: | The comparative advantages of the derivative financial instruments in financial risk management (original in Chinese) |
| Journal: | Modern Economic Science (c)
1998 : 1, p.44-46 |
| Index terms: | FINANCIAL INNOVATION FINANCIAL RISK RISK MANAGEMENT |
| Language: | chn |
| Abstract: | The derivative financial instruments have the function of avoiding risk and preserving value, which lies in their value being restricted by the change in the value of basic financial instruments. Compared with the traditional ones, the derivative financial instruments have the advantages like low cost and high efficiency and the economic function of separting risks. Besides, they can be easily used to, improve asset and liability structure for producing the effect of avoiding risk. And they can also reduce the cost of raising funds, which is fully expressed in the transactions for exchange. |
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