Summary |
Financial derivates facilitate greater diversification of investment and enables risk to be transferred across national financial systems. The resulting improvement in allocation of risks has made overall capital markets more efficient, while the availability of derivatives to both limit and leverage risk exposures has increased market capitalization and liquidity in the underlying cash markets. But emerging derivative markets also pose important challenges to financial stability, particularly in areas where vulnerabilities to changes in risk extend across institutions and national boundaries. Emerging market regulators recognize the importance of developing derivative markets; they remain concerned about potentially excessive risk taking, particularly in the context of rapid evolution of products, inadequate understanding of risk management techniques, and limited supervisory capacity.
In a nutshell, there lies a great emphasis on authentic research on the pros and cons of derivative instruments. To provide a platform for potential researchers, this edited volume of research papers in financial derivatives using advanced statistical and econometric tools presents the complex subject of financial derivatives in a lucid manner by the way of using real-world examples and simple research language. Thus encourage the young social scientists to conduct the research in the field of financial derivatives, more effectively. This edited volume of research articles will provide the rock-solid foundation on derivatives research. Totally 60 Research papers are contributed by a mixture of Market Specialist, Academicians and the Research Scholars in the field of Financial Derivatives, which were divided into two edited volumes namely, (1). Research in Financial Derivatives: Commodity, Equity, Currency and Interest Rate & (2) Financial Derivatives: Market and Application, comprising 25 & 35 research papers respectively.
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