scholarly journals DEVELOPMENT OF DERIVATIVE MARKET IN 2000-2012

Author(s):  
E. V. Vasina

At the end of XIX century futures exchange emerged, in the early 70-ies XX century - option exchange of financial derivatives. These exchanges gave a huge boost to the development of market of the operations with derivative financial instruments. In fact, in the 1970-1980-ies a new market segment was actually formed - the stock and financial derivatives. Trade in financial derivatives began in the OTC market, which accounts for most of the trade of derivatives. Today volumes of the OTC market of derivatives are several times greater than the volume of world trade and world GDP. From 2000 to 2007 derivative OTC market grew rapidly. In 2007-2008 there is a decline in trade of derivatives, but already in 2009 the world market of OTC derivatives returned to pre-crisis growth rates. Among all the instruments of the OTC market of derivatives swaps on interest rates stand out in the volumes, which even in the crisis of2007-2008 slightly, but increased. Analysis of indicators of the global OTC market of derivatives reveals the predominance of instruments on interest rates: their share in the total world market in 2012 amounted to about 77%. If we consider the structure of the OTC market of derivatives on type contracts, in 2012 most of the contracts (66%) belonged to the swaps. As regards the structure of the world market of exchange derivatives, in 2012 the options had the largest share - 54 %, futures accounted for 46 %. Among all the exchange instruments on interest rates held 92%.

2016 ◽  
pp. 501-504
Author(s):  
Sergey Gudoshnikov

Beet pulp remaining after the extraction of sugar from beet is a good source of highly digestible fibre and energy used for animal feeding. Beet pulp is mostly used domestically but about 15% of global dried beet pulp production is exported to the world market. Although pulp have only little value as compared to sugar, sales of it abroad help generate additional income for the sugar industry with relatively low overheads. In contrast to sugar where import markets are protected by tariffs and non-tariff barriers while export volumes can be heavily regulated by governments, these restrictions are much less extensive for beet pulp trade. This article reviews recent developments in the world trade in beet pulp. The context of the article is based on the ISO study “World Trade of Molasses and Beet Pulp” MECAS(16)06.


1992 ◽  
Vol 36 (1) ◽  
pp. 32-40
Author(s):  
Wolfgang Kessler

Abstract Wolfgang Kessler gives a report on the latest developments ofthe GATT negociations. The failure ofthe Uiruguay round in the autumn of 1990 and the irksome attempts at reanimation are depicted as a result of the strategy ofthe industrialized countries to bargain for their interests by demanding an extension oftheir free trade policy on additional parts of the world market. Kessler contrasts this strategy with a model of an ecologically and socially regulated world trade founded on world-wide agreed upon treaties that focus on a sustainable world economy.


2003 ◽  
Vol 2 (2) ◽  
pp. 78-97 ◽  
Author(s):  
Tain-Jy Chen

This paper shows that Taiwan has benefited immensely from China's accession to the World Trade Organization, in terms of the expansion of its exports to China, owing to Taiwan's institutional and structural advantages. Behind the rapid expansion of trade and investment, however, Taiwan runs a high risk of hollowing out its domestic industries, a risk that is manifested in a decline in exports, a loss of control over logistics functions that serve the export industry, and the relocation of research and development activities to China. Taiwan is facing an uphill battle of keeping its capital- and knowledge-intensive industries at home while attempting to take advantage of low-cost Chinese labor to retain its position in the world market.


2021 ◽  
Vol 7 (11) ◽  
pp. 262-266

This article analyzes the world market for household appliances. Its main tendencies, features of development are considered, factors influencing its development are considered. The study determined that different regions of the world have their own characteristics and reasons for the growth of the household appliances market. For example, North America is a developed market with high product penetration, with great emphasis on product advertising. In Europe, low interest rates on loans and a good economic situation play an important role. The European market is seeing an increase in demand for premium products. The Asia-Pacific home appliance market is expected to show strong growth, driven by rising household incomes, rapid urbanization, a growing middle class, easy access to goods through the development of retail channels, easy access to consumer finance and lifestyle changes.


2021 ◽  
Vol 273 ◽  
pp. 08076
Author(s):  
Lyudmila Spektor ◽  
Svetlana Pashkova

The world market has lost its status due to the closure of all borders, restrictive measures in the field of world trade. Before the COVID-19 crisis, manufacturers of goods had a good profit from their sales. But due to the closure of the borders and the inability to export their goods, the producer suffered losses, since he could not sell all the grown crops in his country. The pandemic has affected the delivery of goods in a logistics form. This problem has affected all types of transport for the transport of goods.


Author(s):  
Karina Dias Rocha ◽  
Franciolli da Silva Dantas Araújo ◽  
Amanda Alves Fecury ◽  
Euzébio Oliveira ◽  
Carla Viana Dendasck ◽  
...  

Mining is the activity carried out that aims to remove a mineral good from the earth’s crust, representing about 5% of Brazil’s GDP in 2014. Iron is an easily oxidisable, dubious and magnetic chemical element. It is the most common, cheap and most important of metals. Hematite (Fe2 O3) is the main mineral with predominant iron content in its composition. In 2010, Brazil’s iron production accounted for about 15% of world production. The steel industry accounts for 99% of the world’s iron consumption. The sea route is the main means of transport of goods between Brazil and foreign trade. The research was carried out by accessing the DNPM website, the data collected were from 2010 to 2014. In this period Australia had the largest mineral reserve of iron and China the largest production in the world. In 2013 there was a fall in Brazilian iron production and its effective consumption. The national economy and world trade were the main factors for the instability of the Brazilian mineral sector between 2010 and 2014. The decrease in the price of iron in the world market caused the drop in iron production in Brazil in 2013, when iron consumption in Brazil was severely affected by the economic crisis that affected the country. China’s high investments in the mineral sector have boosted the country’s participation in world trade, becoming the world’s leading iron producer, between 2010 and 2014 China was the main buyer of iron produced in Brazil.


2013 ◽  
Vol 223 ◽  
pp. F2-F2

World growth remains below trend at 3.3 per cent in 2013 and 3.7 per cent in 2013, little changed from our previous forecast.World trade will only grow slightly faster, and again below trend.The Euro Area will grow only slightly next year, while Japan is forecast to grow by 1.4 per cent, the US by 2.4 per cent, and China by 7.3 per cent.Interest rates will remain extremely low by historical standards, and inflationary pressures will remain subdued.


2006 ◽  
Vol 10 (4) ◽  
pp. 209-216 ◽  
Author(s):  
Andrea Gheno ◽  
Stephen L. Lee

Following the attack on the World Trade Center on 9/11 volatility of daily returns of the US stock market rose sharply. This increase in volatility may reflect fundamental changes in the economic determinants of prices such as expected earnings, interest rates, real growth and inflation. Alternatively, the increase in volatility may simply reflect the effects of increased uncertainty in the financial markets. This study therefore sets out to determine if the effects of the attack on the World Trade Center on 9/11 had a fundamental or purely financial impact on US real estate returns. In order to do this we compare pre‐and post‐9/11 crisis returns for a number of US REIT indexes and in general we find that the effect of the attack on the World Trade Center on 9/11 had only a financial effect on REIT returns and therefore was transitory.


2002 ◽  
Vol 180 ◽  
pp. 2-3

The world economy is starting to pick up speed again: by 2003, it will be growing by 3.7 per cent, with world trade expanding by 8.5 per cent a year.This will prompt rises in interest rates in North America and Europe.The US will grow by 2.4 per cent this year, double the rate of last year, rising to 3.5 per cent in 2003.Recovery in the euro area will be gradual, with GDP growth rising from 1.4 per cent in 2002 to 2.5 per cent in 2003.The Japanese economy will shrink by 1.2 per cent in 2002, and recovery in 2003 will be relatively modest, with GDP growth of 1.3 per cent.


2017 ◽  
Vol 7 (14) ◽  
Author(s):  
Ramón Guajardo-Quiroga

Key words: Cucumber world market, international trade, economic integration, quadratic programming, spatial equilibrium models.Abstract. This study empirically analyzed the potential effects of the complete operation of North American Free Trade Agreement (NAFTA), European Union and Mexico Free Trade Agreement (EUMFTA), and the integration of China to the World Trade Organization (WTO), on the cucumber world market. Special emphasis on the impact on Mexico was presented, from a worldwide perspective. A spatial equilibrium model with endogenous prices was constructed for this purpose. Among the findings are: (1) Mexican producers benefited from the complete implementation of NAFTA and EUMFTA. (2) The incorporation of China as a member of the WTO showed a negligible effect on the commercial flows and prices in the cucumber world market. (3) Mexican cucumber production is highly competitive, in the world market, because it has the lowest supply costs.Palabras Clave: Mercado mundial del pepino, integración económica, comercio internacional, programación cuadrática, modelos de equilibro espacial.Resumen. Este estudio analiza empíricamente los efectos potenciales de la operación completa del Tratado de Libre Comercio de América del Norte (TLCAN), Tratado de Libre Comercio de la Unión Europea y México (UMFTA), y la integración de China a la Organización Mundial de Comercio (OMC) en relación al mercado mundial del pepino. Se presentan, con énfasis especial, los impactos sobre México desde una perspectiva mundial.


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