The Analysis of Prospects for Derivatives Market Development in Ukraine in View of Solving the Problems of its Normative Legal Regulation

The increased uncertainty in the country’s economy, impossibility of raising capital only by standard financial instruments substantiated the need for such financial innovations as derivatives. The relevance of the suggested topic is justified by the lack of strong legislative framework regulatin...

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Main Authors: Kolodizev Oleg M., Kotsiuba Olena V.
Format: Article
Language:English
Published: PH "INZHEK" 2016-02-01
Series:Problemi Ekonomiki
Subjects:
Online Access:http://www.problecon.com/export_pdf/problems-of-economy-2016-1_0-pages-242_248.pdf
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author Kolodizev Oleg M.
Kotsiuba Olena V.
author_facet Kolodizev Oleg M.
Kotsiuba Olena V.
author_sort Kolodizev Oleg M.
collection DOAJ
description The increased uncertainty in the country’s economy, impossibility of raising capital only by standard financial instruments substantiated the need for such financial innovations as derivatives. The relevance of the suggested topic is justified by the lack of strong legislative framework regulating the market of derivative financial instruments, as well as by significant demand for them in Ukraine. The aim of the article is to analyze the development level of the normative and legal field of trade in the derivatives market as well as the quality of the formed system of main indicators for derivatives trading in Ukraine. The paper identifies the problem, which could be neutralized through the use of derivative financial instruments. The volume and structure of the world and domestic derivatives markets have been analyzed. Based on the analysis of the legal field of regulating the market of derivative financial instruments as well as statistical analysis of its volume and structure, the reasons for the low activity in the considered market have been justified and recommendations to improve the current situation proposed.
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spelling doaj.art-a347d96740fd48cba233ccb6580f49272024-02-03T00:12:13ZengPH "INZHEK"Problemi Ekonomiki2222-07122311-11862016-02-011242248The Analysis of Prospects for Derivatives Market Development in Ukraine in View of Solving the Problems of its Normative Legal RegulationKolodizev Oleg M.0Kotsiuba Olena V. 1Doctor of Science (Economics), Professor, Head of the Department, Department of Banking, Simon Kuznets Kharkiv National University of EconomicStudent, Finance Faculty, Simon Kuznets Kharkiv National University of Economic The increased uncertainty in the country’s economy, impossibility of raising capital only by standard financial instruments substantiated the need for such financial innovations as derivatives. The relevance of the suggested topic is justified by the lack of strong legislative framework regulating the market of derivative financial instruments, as well as by significant demand for them in Ukraine. The aim of the article is to analyze the development level of the normative and legal field of trade in the derivatives market as well as the quality of the formed system of main indicators for derivatives trading in Ukraine. The paper identifies the problem, which could be neutralized through the use of derivative financial instruments. The volume and structure of the world and domestic derivatives markets have been analyzed. Based on the analysis of the legal field of regulating the market of derivative financial instruments as well as statistical analysis of its volume and structure, the reasons for the low activity in the considered market have been justified and recommendations to improve the current situation proposed.http://www.problecon.com/export_pdf/problems-of-economy-2016-1_0-pages-242_248.pdfderivativesderivative financial instrumentsswap contractsforward contractsoptions
spellingShingle Kolodizev Oleg M.
Kotsiuba Olena V.
The Analysis of Prospects for Derivatives Market Development in Ukraine in View of Solving the Problems of its Normative Legal Regulation
Problemi Ekonomiki
derivatives
derivative financial instruments
swap contracts
forward contracts
options
title The Analysis of Prospects for Derivatives Market Development in Ukraine in View of Solving the Problems of its Normative Legal Regulation
title_full The Analysis of Prospects for Derivatives Market Development in Ukraine in View of Solving the Problems of its Normative Legal Regulation
title_fullStr The Analysis of Prospects for Derivatives Market Development in Ukraine in View of Solving the Problems of its Normative Legal Regulation
title_full_unstemmed The Analysis of Prospects for Derivatives Market Development in Ukraine in View of Solving the Problems of its Normative Legal Regulation
title_short The Analysis of Prospects for Derivatives Market Development in Ukraine in View of Solving the Problems of its Normative Legal Regulation
title_sort analysis of prospects for derivatives market development in ukraine in view of solving the problems of its normative legal regulation
topic derivatives
derivative financial instruments
swap contracts
forward contracts
options
url http://www.problecon.com/export_pdf/problems-of-economy-2016-1_0-pages-242_248.pdf
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