DERIVATIVES FINANCIAL MARKET DEVELOPMENT AS A RESULT OF INNOVATION ACTIVITY IN FINANCIAL MARKET

Victoria Cociug and Victoria Postolache
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Victoria Cociug: National Institute for Economic Research Republic of Moldova, Chisinau, Republic of Moldova
Victoria Postolache: Balti State University “Alecu Russo”, Faculty for Exact, Economic and Natural Science, Balti, Republic of Moldova

Journal of Financial and Monetary Economics, 2016, vol. 3, issue 1, 72-76

Abstract: Development of financial derivatives as financial innovation and development of market of financial derivatives expand in general is the result of the investment activity in the financial market, linked with widening of investment space of the financial capital non-integrated into the production process and which is not a part of capital loan. Thus, implementation of financial derivates was generated by the redistribution of price risks and their economic functions: providing coverage possibilities, insurance against changing prices on the capital market and insurance of financial risks.

Keywords: financial derivatives; financial innovation; financial risk; vanilla derivatives; hedging (search for similar items in EconPapers)
JEL-codes: G15 G23 (search for similar items in EconPapers)
Date: 2016
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