FINANCIAL MARKET SPECULATIVE TRANSACTIONS

The article highlights the transformation of financial market, which determines its insulation as an independent economy sector. The tendency was first analyzed in late XIX century and has been developing since then, resulting in dissociation of real and financial sectors. Due to uncertainty traders...

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Autor principal:	K. E. Маnuylov
Formato:	article
Lenguaje:	EN RU
Publicado:	MGIMO University Press 2013
Materias:	financial market information asymmetry financial derivatives market value speculative transactions investor speculative trader property risk returns International relations JZ2-6530
Acceso en línea:	https://doaj.org/article/f841e83f89d04127a1bb04cf657dbfca
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id	oai:doaj.org-article:f841e83f89d04127a1bb04cf657dbfca
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spelling	oai:doaj.org-article:f841e83f89d04127a1bb04cf657dbfca2021-11-23T14:50:55ZFINANCIAL MARKET SPECULATIVE TRANSACTIONS2071-81602541-909910.24833/2071-8160-2013-6-33-141-148https://doaj.org/article/f841e83f89d04127a1bb04cf657dbfca2013-12-01T00:00:00Zhttps://www.vestnik.mgimo.ru/jour/article/view/1156https://doaj.org/toc/2071-8160https://doaj.org/toc/2541-9099The article highlights the transformation of financial market, which determines its insulation as an independent economy sector. The tendency was first analyzed in late XIX century and has been developing since then, resulting in dissociation of real and financial sectors. Due to uncertainty traders lack decision guidelines, as speculative transactions do not imply property management. As a result, their decisions are based on expectations and market value losses any connection to real sector performance. Financial derivatives development through late XX century has brought financial market independence to a new level and inflation of the sector to values, exceeding world GDP. Stock market has provided the basis for property and management separation, and derivatives, in turn, separate returns from property and risk from asset. As risk valuation turns out to be the measure of market expectations, it is sure to affect the basic asset prices even more than underlying real capital. The imbalance is believed to have been one of the determinants of the modern financial and economic crisis. Financial market has evidently transformed to a casino to a greater extent, than Keynes identified.K. E. МаnuylovMGIMO University Pressarticlefinancial marketinformation asymmetryfinancial derivativesmarket valuespeculative transactionsinvestorspeculative traderpropertyriskreturnsInternational relationsJZ2-6530ENRUVestnik MGIMO-Universiteta, Vol 0, Iss 6(33), Pp 141-148 (2013)
institution	DOAJ
collection	DOAJ
language	EN RU
topic	financial market information asymmetry financial derivatives market value speculative transactions investor speculative trader property risk returns International relations JZ2-6530
spellingShingle	financial market information asymmetry financial derivatives market value speculative transactions investor speculative trader property risk returns International relations JZ2-6530 K. E. Маnuylov FINANCIAL MARKET SPECULATIVE TRANSACTIONS
description	The article highlights the transformation of financial market, which determines its insulation as an independent economy sector. The tendency was first analyzed in late XIX century and has been developing since then, resulting in dissociation of real and financial sectors. Due to uncertainty traders lack decision guidelines, as speculative transactions do not imply property management. As a result, their decisions are based on expectations and market value losses any connection to real sector performance. Financial derivatives development through late XX century has brought financial market independence to a new level and inflation of the sector to values, exceeding world GDP. Stock market has provided the basis for property and management separation, and derivatives, in turn, separate returns from property and risk from asset. As risk valuation turns out to be the measure of market expectations, it is sure to affect the basic asset prices even more than underlying real capital. The imbalance is believed to have been one of the determinants of the modern financial and economic crisis. Financial market has evidently transformed to a casino to a greater extent, than Keynes identified.
format	article
author	K. E. Маnuylov
author_facet	K. E. Маnuylov
author_sort	K. E. Маnuylov
title	FINANCIAL MARKET SPECULATIVE TRANSACTIONS
title_short	FINANCIAL MARKET SPECULATIVE TRANSACTIONS
title_full	FINANCIAL MARKET SPECULATIVE TRANSACTIONS
title_fullStr	FINANCIAL MARKET SPECULATIVE TRANSACTIONS
title_full_unstemmed	FINANCIAL MARKET SPECULATIVE TRANSACTIONS
title_sort	financial market speculative transactions
publisher	MGIMO University Press
publishDate	2013
url	https://doaj.org/article/f841e83f89d04127a1bb04cf657dbfca
work_keys_str_mv	AT kemanuylov financialmarketspeculativetransactions
_version_	1718416372750352384

FINANCIAL MARKET SPECULATIVE TRANSACTIONS

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