Mihaela, Botea Elena; Georgiana, Stanila Oana; … - In: Ovidius University Annals, Economic Sciences Series X (2010) 2, pp. 75-79
The derivatives appearance was generated by the discovery of new ways to limit and manage current activity risks. Derivatives couldn’t hedge any type of risk. Derivative operations can be used to hedge: interest rate risks, foreign currency exchange rate risks, credit risks. Derivatives used...