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| Author: | Wood, G. Shaw, P. |
| Title: | Derivatives - flexible tools or a threat to the system? |
| Journal: | Banking World
1994 : MAR, VOL. 12:3, p. 18-20 |
| Index terms: | OPTIONS FUTURES MARKETS SPECULATION |
| Language: | eng |
| Abstract: | There has recently been much talk about derivatives. Most has been favourable, but there has been some concern about threats which the increased use of derivatives might pose to the stability of the banking system. Outside financial markets derivatives remain little-known tools. Derivatives may be defined concisely as "synthetic versions of established instruments, designed to give more flexibility than buying or selling the underlying product. |
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