Bekale, Audrey Nguema; Botha, Erika; Vermeulen, Jacobus - Economic Research Southern Africa (ERSA) - 2015
realistic view that developing derivatives markets is a rather long-run process, and that efficient trading could not be … volatility establishes the stabilising effect of derivatives markets on the economy, but this does not constitute sufficient … derivatives markets are able induce liquidity in their underlying capital markets, and thus provide suitable conditions for their …