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Japan's Financial Derivatives Market Research

Posted on:2011-04-13Degree:MasterType:Thesis
Country:ChinaCandidate:P J ChenFull Text:PDF
GTID:2189360305466506Subject:World economy
Abstract/Summary:PDF Full Text Request
Seventies of last century the emergence of financial derivatives, financial, economic activity had a profound effect, changing the way the world economy and infrastructure market outlook. Use of financial derivatives contracts more flexible approach to the original concentration of risk diversification and risk transfer to the preferred market investors, the allocation of resources to promote the efficiency of financial markets, and as a measure of whether a country's financial market integrity and maturity signs. With China's accession to the WTO, China's opening up is also more comprehensive and in-depth, financial markets are gradually opening up, such as interest rate market, the further reform of the exchange rate liberalization. So whether it is from the perspective of risk aversion, or from the financial point of view of their own development, China needs to introduce financial derivatives, to establish their own financial derivatives market and the financial markets to become an important component.Japan's financial derivatives market was born later than that on the United States, but its great virtue of domestic economic strength, driving the rapid development of financial derivatives market. Japan does not copy the American model of development, but from their own actual conditions to promote the timely market to develop for the derivatives, making Japan a few years, it developed into the world's largest derivatives trading centers. Although 90 years of stagnation, Japan's economic development to the development of financial derivatives has had some negative impact, but the financial derivatives market in Japan is still among the highest worldwide. In recent years, many countries in the sub-prime crisis makes financial been severely hit, while Japan suffered in the impact of the crisis is limited mainly due to improved Japan's financial derivatives market. Therefore, the financial derivatives market in Japan is very necessary to conduct laboratory. Therefore, the financial derivatives market in Japan is very necessary to conduct laboratory. This article is to introduce the theory of financial derivatives and financial derivatives markets had formed the basis of the financial derivatives market in Japan conducted a systematic study. Through the formation of Japan's financial derivatives market, development status and the development of laws and regulations related to analysis the problems of Japan's financial derivatives market. Such as over-reliance on OTC derivatives, the absence of market regulation, imperfect legal system and tight financial regulation, the skimble-scamble financial derivatives market and other reasons, which are all detrimental to the development of Japan's financial derivatives market. It's the basis for our development and establishment of financial derivatives market recommendations.
Keywords/Search Tags:Japan, Derivative Market, Economic Compensation, Risk management
PDF Full Text Request
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