Derivatives markets and real economic activity
Gupta, Ruchi (2004) Derivatives markets and real economic activity. PhD thesis, Victoria University of Technology.
Arguably, the single largest innovation in global financial markets in response to financial deregulation and financial innovation over the past two decades has been the emergence and spectacular growth of derivatives markets. The dramatic emergence of derivatives has caught many Central Bankers unaware and only recently has the Bank of International Settlements (BIS) started investigating seriously the impact of derivatives on policy issues. However, what is needed is further insight into and analysis of the impact of derivative growth on macroeconomic policy and the macroeconomy. Such insights should enable policy makers to use derivatives to their best advantage. Therefore, the purpose of the study is to examine how monetary policy transmission changes in the presence of derivative markets.
|Item Type:||Thesis (PhD thesis)|
|Uncontrolled Keywords:||Derivative securities, Monetary policy, Macroeconomics, Bank of International Settlements, derivative markets, global markets, financial innovation|
|Subjects:||Faculty/School/Research Centre/Department > School of Economics and Finance
FOR Classification > 1402 Applied Economics
FOR Classification > 1502 Banking, Finance and Investment
|Depositing User:||VU Library|
|Date Deposited:||11 Aug 2010 23:17|
|Last Modified:||23 May 2013 16:44|
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