THE GROWING IMPORTANCE OF CAPITAL MARKET DERIVATIVES IN ROMANIA AND THEIR IMPACT IN THE EUROPEAN ECONOMY

PhD Lect. Raducu Stefan BRATU and PhD Assist.Lect. Sorin Marius TUDOR
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PhD Lect. Raducu Stefan BRATU: University of Craiova Faculty of Economics and Business Administration Craiova, Romania
PhD Assist.Lect. Sorin Marius TUDOR: University of Craiova Faculty of Economics and Business Administration Craiova, Romania

Revista Tinerilor Economisti (The Young Economists Journal), 2014, vol. 1, issue 23, 101-108

Abstract: The volume of transactions and the growing importance of derivatives on the capital market in Romania involve the growth of their influence and the markets they take part in. This implies a major study of their role in the economy, especially in the context of economic crises. The present paper will present a brief survey related to derivatives, their emergence and evolution history, types of instruments and how they are mainly used, major trends and their impact on the economy in general, and commercial and banking systems in particular. Thus, derivatives currently play a particularly important role in the global economic system. Nevertheless, their role and impact has not been studied at the same level as bond markets and shares, at a time when the influence of prices and relationships that form the derivatives market is not less, but, in some areas, it is much greater than the impact of traditional financial instruments.

Keywords: financial instruments; derivatives; crisis; banking system. (search for similar items in EconPapers)
JEL-codes: G13 G15 G21 (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:aio:rteyej:v:1:y:2014:i:23:p:101-108

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