Derivativos financeiros: hedge, especulação e arbitrage

Maryse Farhi

Revista Economia e Sociedade, 1999, vol. 13, 22

Abstract: Hedging operations acquire macroeconomic significance with the expansion of financial derivatives. The specification of the concept of such operations of risk transfer leads to modifications in the concept of speculation. Arbitrage operations intensify, but their frontiers with speculation are not always clear. Both make intense use of leverage which can result in heavy losses.

Keywords: Financial markets; Financial derivatives, Hedge; Speculation; Arbitrage; Leverage; Financial instab (search for similar items in EconPapers)
Date: 1999
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