D. Ricardo’s theory of comparative advantages as applied to interest rate swaps in the financial market
The paper purpose is to present the theories’ value of the times in political economy for solving modern problems. To achieve this goal, it was necessary to solve the following tasks: to give a brief overview of the comparative advantages’ theory, to designate an example of the “interest rate swap”...
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| Format: | Article |
| Language: | English |
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Publishing House of the State University of Management
2023-11-01
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| Series: | Вестник университета |
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| Online Access: | https://vestnik.guu.ru/jour/article/view/4742 |
| Summary: | The paper purpose is to present the theories’ value of the times in political economy for solving modern problems. To achieve this goal, it was necessary to solve the following tasks: to give a brief overview of the comparative advantages’ theory, to designate an example of the “interest rate swap” instrument, to illustrate the application of the comparative advantages’ theory to the “interest rate swap” instrument. The theories of absolute and relative advantages are compared. Particular attention is paid to concrete examples with calculations, but not to the detriment of the presentation of theoretical concepts. The results of the work will be useful in shaping the practice of using derivative instruments and solving a wide range of tasks related to counter flows of financial and commodity-material values. The research used not only methods of analogy, analysis, synthesis, but also formal-logical, comparative and descriptive analyses. |
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| ISSN: | 1816-4277 2686-8415 |