Open Access
Subscription Access
Open Access
Subscription Access
Issues and Regulations of Derivatives Market in India: An Overview
Subscribe/Renew Journal
Due to the wave of globalization and liberalization sweeping across the world, the volume of international trade and business has increased. This has led to rapid and unpredictable variations in financial asset prices, interest rates and exchange rates. The importance of risk management has increased due to the highly uncertain business scenario. Derivatives provide an effective key to the problem of risk caused by uncertainty and volatility of the underlying asset. The present article encompasses in its scope, the issues and regulations of derivatives market in India. The study is descriptive and based on the information compiled from the various websites.
Keywords
Derivatives, Risk Management, Regulations of Derivatives Market.
Subscription
Login to verify subscription
User
Font Size
Information
- Bose, Suchismita (2006). The Indian Derivatives Market Revisited, ICRA bulletin Money & Finance.
- Cuny, C.J. (1993), “The Role of Liquidity in Futures Market Innovations”, Review of Financial Studies, Vol. 6, pp. 57–78.
- Dodd, Randall (2003). “Consequences of Liberalizing Derivatives Markets” Financial Policy Forum, Derivatives Study Centre, Washington.
- FitchRatings (2004). “Fixed Income Derivatives—A Survey of the Indian Market” Retreived from: www.fitchratings.com
- Gilbert, C.J. (1985). “Futures Trading and the Welfare Evaluation of Commodity Price Stabilisation” Economic Journal, Vol. 95, pp. 637-661.
- Gupta, L.C. (1998), “Suggestive bye-lows for Regulation and Control of Trading and Settlement of Derivative Contract”, The SEBI Committee on Derivatives Trading in India.
- Hathaway, Kate (1988), “Regulatory Parameters Associated with Successful Derivatives, Chartered Secretary, Vol. 27(10), pp. 981–988.
- IOSCO Report (1996), “Legal and Regulatory Framework for Exchange Traded Derivatives”, International Organisation of Securities Commission.
- Lokare S.M. (2007), “Commodity Derivatives and Price Risk Management: An Empirical Anecdote from India”, Reserve Bank of India Occasional Papers, Vol. 28(2).
- Newbery, D.M. (1990), “Cartels, Storage, and the Suppression of Future Markets”, European Economic Review, Vol. 34, pp. 1041–1060.
- Patrick, G.F., Musser, W.N. and Eckman, D.T. (1998), “Forward Marketing Practices and Attitudes of Large-Scale Mid, Western Grain Producers”, Review of Agricultural Economics, Vol. 20, pp. 38–53.
- Pavaskar, M. (2007), “Commodity Derivatives in India: A Historical Overview”, Commodity Vision, Vol. 1(2), pp.13–26.
- Pennings, J.M.E. and Leuthold, R.M. (1999), “Commodity Futures Contract Viability: A Multidisciplinary Approach”, OFOR Paper No. 99–02.
- Ramamoorthy, K.R. (2003), “Report of the Participation of Security Brokers in Commodity Future market”, Committee Formed by SEBI.
- Report of the RBI-SEBI Standing Technical Committee on Exchange Traded Currency Future (2008).
- Report of the RBI-SEBI Standing Technical Committee on Interest Rate Futures (June 2009).
- SEBI Advisory Committee on Derivative (2002). Report on Development and Regulation of Derivative Market in India.
- Thomas, Susan and Shah, Ajay (2003), “Equity Derivatives in India: The State of the Art.”, in Thomas (ed.), Derivatives Markets in India.
- Thomas, S. (2003), “Agricultural Commodity Markets in India: Policy Issues for Growth”, In Thomas (ed.), Derivatives Markets in India.
- Varma, J.R (1998), “Risk Containment in the Derivative Market”, Varma Committee Report form by SEBI.
Abstract Views: 705
PDF Views: 0