Open AccessTransformation of the purposesof using derivative financial instrumentsin the modern economy
Author(s) -
Irina A. Guseva
Publication year - 2021
Publication title -
sibirskaâ finansovaâ škola
Language(s) - English
Resource type - Journals
ISSN - 1993-4386
DOI - 10.34020/1993-4386-2021-3-83-87
Subject(s) - speculation , derivative (finance) , financial instrument , commodity , economics , capital (architecture) , financial risk , carry (investment) , derivatives market , finance , financial market , business , financial system , futures contract , archaeology , history
Derivative financial instruments originated several centuries ago, but the explosive growth of their use begins with the last third of the twentieth century. Increased uncertainty, unpredictability of commodity prices, exchange rates, interest rates as the price of capital has led to the need to protect against financial risks. But as the financial economy develops, derivative financial instruments are used not only by financial institutions for the purpose of speculation and hedging, but also by financial engineers to carry out specific strategies, to solve complex business problems.