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Speculative Capital, Derivatives, Hedge Funds (Basic Phases and Perspectives of Development)

Author

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  • Klumov, Gregory

    (Russian Presidential Academy of National Economy and Public Administration)

Abstract

The article presents the definition of derivatives, hedge funds, securitization, the basics of their development in the global financial system and it also provides ways for their further development. In this way it is proved, that in today’s market of banking services all mortgage products demanded by consumers have the right to live, but the securitization must be subject to strict requirements to the organizers of transactions to disclose information about the structure of the transaction and asset quality. Further more, it’s important to improve regulation of the management of liquidity and risk management of financial institutions that are members of that market.

Suggested Citation

  • Klumov, Gregory, 2012. "Speculative Capital, Derivatives, Hedge Funds (Basic Phases and Perspectives of Development)," Ekonomicheskaya Politika / Economic Policy, Russian Presidential Academy of National Economy and Public Administration, vol. 6, pages 1-18.
    • Handle: RePEc:rnp:ecopol:ep1256
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    References listed on IDEAS

    as
    1. Franklin Allen & Richard Herring, 2001. "Banking Regulation versus Securities Market Regulation," Center for Financial Institutions Working Papers 01-29, Wharton School Center for Financial Institutions, University of Pennsylvania.
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