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| Tekijä: | Boissieu, C. de |
| Otsikko: | Derivatives markets and systemic risks: some reflections |
| Lehti: | European Journal of Finance
1995 : MAR, VOL. 1:1, p. 57-68 |
| Asiasana: | MARKETS OVER THE COUNTER MARKET RISK |
| Kieli: | eng |
| Tiivistelmä: | Derivatives are an essential part of risk management by all economic agents (financial or non financial). They contribute, with other financial innovations, to the allocative efficiency. Under certain circumstances they could also generate systemic risks. The purpose of this article is to underline the dramatic growth of derivatives instruments and the articulation between OTC and exchange-traded markets. |
SCIMA