CEU Electronic Theses and Dissertations, 2020
| Author | Muratova, Aizirek |
|---|---|
| Title | The Derivatives Market And Economic Development: Analysis Of Five Significant Economies |
| Summary | Over the past three decades, the importance of the derivatives market within the financial market has been widely recognized. This paper investigates the relationship between the derivatives market and economic development in five significant economies, namely, Japan, China, India, the United States, and Eurozone. A panel fixed-effects model is used with data for the period of 2013 to 2018. The main empirical finding is that the derivatives market is positively associated with economic development, meaning that a 1 percent increase in derivatives market relates to a 0.10 percent increase in GDP. A growth path for GDP for the next five years for each country is projected, which may give an idea of how GDP will grow if the derivatives market goes up as provided by the moving average estimates. The paper concludes with recommendations that may help regulate the derivatives market efficiently and lead to economic development. |
| Supervisor | Zawadowski, Adam |
| Department | Economics MA |
| Full text | https://www.etd.ceu.edu/2020/muratova_aizirek.pdf |
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