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Derivatives – Benefaction Or Curse Of Contemporary Economy

Author

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  • Jaroslaw Pawlowski

    (Nicolaus Copernicus University)

Abstract

In the age of twenty-first century a special place among the factors affecting the economic situation of the world is a global financial market with the fastest growing segment of the derivatives. The derivatives are characterized by a relatively high level of risk which is the result of using leverage in their structure. It makes possible to achieve both gains and losses disproportionately high in relation to capital. Intensive development of the derivative market has been trading for around 30 years, the rate is characterized by high growth. Due to risk of using derivatives which could caused negative financial effects and also its role in shaping the world economic situation, which was especially evident during the recent financial crisis, this article is devoted to issue of benefits and risks of derivatives. The aim of this work is attempt to answer the question of derivatives are a benefaction or curse of contemporary economy. To accomplish this objective will be used: a descriptive method, a comparative method, an analysis literature method and case studies.

Suggested Citation

  • Jaroslaw Pawlowski, 2011. "Derivatives – Benefaction Or Curse Of Contemporary Economy," Oeconomia Copernicana, Institute of Economic Research, vol. 2(2), pages 47-60, June.
    • Handle: RePEc:pes:ieroec:v:2:y:2011:i:2:p:47-60
    DOI: 10.12775/OeC.2011.007
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    More about this item

    Keywords

    derivatives; derivatives market; OTC;
    All these keywords.

    JEL classification:

    • G15 - Financial Economics - - General Financial Markets - - - International Financial Markets

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