Financial development, opening up and international financial derivatives

Author: Pan Shujuan
Publisher:
Publish Date: 2003-12-01
Features: This book places financial structure and financial openness in the same coordinate system, attempting to conduct innovative research on issues such as the functions, operational rules of financial derivative instruments, and the impact of financial derivatives and derivative markets on macrofinancial operations, development, and openness, from both theoretical and policy perspectives. Through the study, it explores the steps for China to introduce financial derivative instruments and establish derivative markets under gradual reform and opening-up conditions. The book is divided into three parts and fourteen chapters.
Part One first elaborates on the basic content and development of financial structure and financial development theories, summarizes general theories and new achievements in this field, and analyzes the impact of financial openness on the development of financial structure. It then examines the origins and functional characteristics of financial instruments and international financial derivative instruments, aiming to establish an analytical framework for the evolutionary effects of derivative instruments on financial structure.
Part Two focuses on introducing derivative trading and the application of derivative instruments in financial risk prevention and financial investment from the perspectives of economics and finance, analyzing derivative instrument structuring techniques with case studies.
Part Three, building on the aforementioned research, conducts an in-depth analysis of the market functions of derivative instruments, the evolutionary effects on financial institutions, risk-sharing mechanisms, and socio-economic effects. It also provides a comparative analysis of the regulation of derivative markets in several developed countries. From the perspective of China's financial reform, it explores the steps for introducing international derivative instruments and the for establishing derivative markets.