Derivatives and Development: Contemporary Applications

Sasha Breger Bush

Chapter Chapter 2 in Derivatives and Development, 2012, pp 13-49 from Palgrave Macmillan

Abstract: Abstract In this latest phase of globalization, derivatives markets are springing up like toadstools across the global South, in Latin America, Africa, and Asia. A testament to the global process of financialization, the fastest growing derivatives exchanges in the world today are located in China and India, with many of the Southern exchanges nonexistent only 20 years ago. While com plex financial derivatives on interest rates, equities, and foreign exchange are most popular in the Northern markets, in the Southern markets agricultural contracts like those on sugar and soy are among the most heavily traded. It is here, in the context of futures and options markets on agricultural com modities, that one finds an important intersection between development and global derivatives markets.

Keywords: Credit Default Swap; Price Volatility; Future Price; Price Discovery; Future Contract (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-06265-9_2

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DOI: 10.1057/9781137062659_2

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