Journal Article

The recent growth of financial derivative markets

Abstract: This article examines the reasons for the phenomenal growth of financial derivative markets in recent years. The author shows how specific demand forces have largely determined the direction and speed of the derivatives' spread.

Keywords: Money market; Liquidity (Economics); Risk; Options (Finance); Swaps (Finance); Futures;

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Bibliographic Information

Provider: Federal Reserve Bank of New York

Part of Series: Quarterly Review

Publication Date: 1992

Volume: 17

Issue: Win

Pages: 28-43