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The future of interest rate derivatives in Asia Pacific Region.

by Choi Ming Yee, Fung Lai Shun, So Wai Ching. / Thesis (M.B.A.)--Chinese University of Hong Kong, 1996. / Includes bibliographical references (leaves 87-91). / ABSTRACT --- p.ii / TABLE OF CONTENTS --- p.iii / LIST OF FIGURES --- p.v / LIST OF TABLES --- p.vi / LIST OF ABBREVIATIONS --- p.vii / Chapter / Chapter I. --- INTRODUCTION --- p.1 / Chapter II. --- PERSPECTIVES OF INTEREST RATE --- p.3 / Interest Rate and Capital Market --- p.3 / Trade-off between Current and Future Consumption --- p.3 / An Economy without Exchange --- p.4 / An Economy with Capital Market --- p.5 / Determinants of Interest Rate --- p.7 / Credit Considerations --- p.8 / Term Structure --- p.9 / Loanable Funds --- p.11 / Interest Rate Risk --- p.11 / Interest Rate Volatility --- p.15 / Chapter III. --- DEVELOPMENT OF INTEREST RATE DERIVATIVES --- p.20 / The Emergence of Derivatives Markets --- p.20 / Interest Rate Derivatives Market --- p.23 / Interest Rate Futures --- p.24 / Interest Options --- p.25 / Interest Rate Swaps --- p.27 / Forward Rote Agreements (FRAs) --- p.29 / Chapter IV. --- MACROECONOMIC DEVELOPMENT IN ASIA PACIFIC REGION --- p.31 / Chapter V. --- MOTIVATION FOR FINANCIAL LIBERALIZATION --- p.33 / Limitations in Old Systems --- p.33 / Interest Rate Ceilings --- p.33 / Exchange Controls --- p.34 / Portfolio Selection and Credit Rationing --- p.35 / Taxes and Reserve Requirement --- p.37 / Advantage of Liberalization --- p.38 / Chapter VI. --- ECONOMIC VOLATILITY --- p.41 / Capital Mobility and International Integration --- p.41 / Monetary Policy --- p.45 / Chapter VII. --- THE DEMAND AND SUPPLY OF INTEREST RATE DERIVATIVES --- p.48 / Can Hedging Add Value to the Company? --- p.49 / Can Hedging Alter the Discount Rate of a Company? --- p.49 / Chapter VIII. --- THE ASIAN MARKET --- p.58 / New Derivatives Exchanges --- p.61 / Chapter IX. --- FORCES DRIVING DERIVATIVES GROWTH --- p.63 / Sustained Shifts in Volatility --- p.64 / The Demand for New Ways to Transfer Interest Rate Risk --- p.66 / The Demand for Liquidity --- p.69 / Chapter X. --- THE FUTURE --- p.81 / APPENDIX --- p.86 / BIBLIOGRAPHY --- p.87

Identiferoai:union.ndltd.org:cuhk.edu.hk/oai:cuhk-dr:cuhk_320741
Date January 1996
ContributorsChoi, Ming Yee., Fung, Lai Shun., So, Wai Ching., Chinese University of Hong Kong Graduate School. Division of Business Administration.
PublisherChinese University of Hong Kong
Source SetsThe Chinese University of Hong Kong
LanguageEnglish
Detected LanguageEnglish
TypeText, bibliography
Formatprint, vii, 91 leaves : ill. ; 30 cm.
CoverageAsia, Pacific Area, Asia, Pacific Area, Asia, Pacific Area
RightsUse of this resource is governed by the terms and conditions of the Creative Commons “Attribution-NonCommercial-NoDerivatives 4.0 International” License (http://creativecommons.org/licenses/by-nc-nd/4.0/)

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