Derivatives: Are They Dangerous? (notice n° 545717)
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| 000 -LEADER | |
|---|---|
| fixed length control field | 01264cam a2200157 4500500 |
| 005 - DATE AND TIME OF LATEST TRANSACTION | |
| control field | 20250121113816.0 |
| 041 ## - LANGUAGE CODE | |
| Language code of text/sound track or separate title | fre |
| 042 ## - AUTHENTICATION CODE | |
| Authentication code | dc |
| 100 10 - MAIN ENTRY--PERSONAL NAME | |
| Personal name | Capelle-Blancard, Gunther |
| Relator term | author |
| 245 00 - TITLE STATEMENT | |
| Title | Derivatives: Are They Dangerous? |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. | |
| Date of publication, distribution, etc. | 2009.<br/> |
| 500 ## - GENERAL NOTE | |
| General note | 2 |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc. | Since the 1970s, the financial system has undergone deep structural changes. Innovation has been a key driver of those changes and most economists acknowledge that the impact has been positive overall. However, each time, when a financial crisis arises, the debate is on. Especially, derivatives are among the major innovations, but they cause concern. A first issue is about the impact of derivatives on the volatility of the underlying assets. But, empirical findings do not support any significant effect. Nonetheless, the sophistication of the derivatives markets and the concentration of risk are potential sources of instability because of the rise of uncertainty, the repeated occurrences of extreme losses and the possibility of systematic risk. Classification JEL: A1, D8, G1. |
| 786 0# - DATA SOURCE ENTRY | |
| Note | Revue économique | 60 | 1 | 2009-02-23 | p. 157-171 | 0035-2764 |
| 856 41 - ELECTRONIC LOCATION AND ACCESS | |
| Uniform Resource Identifier | <a href="https://shs.cairn.info/journal-revue-economique-2009-1-page-157?lang=en&redirect-ssocas=7080">https://shs.cairn.info/journal-revue-economique-2009-1-page-157?lang=en&redirect-ssocas=7080</a> |
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