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近20多年来,西方发达国家金融市场发生的引人注目的创新是金融衍生工具数量及交易额的爆发性增长。正如默顿所言,以衍生工具为核心的金融创新改变着未来的全球金融系统。一、金融衍生市场发展的国际经济背景金融是经济的重要组成部分,金融发展与经济发展相互推动。7...
In the past 20 years or so, the notable innovation that took place in the financial markets of the developed western countries was the explosive growth in the number of financial derivatives and the volume of transactions. As Merton said, derivative financial instruments have changed the future of the global financial system. I. The International Economic Background of the Derivative Market Development Finance is an important part of the economy. Financial development and economic development promote each other. 7 ...