Derivativos financeiros: hedge, especulação e arbitragem

Abstract

As operacoes de hedge adquirem um significado macroeconomico com a expansao dos mercados de derivativos financeiros. A especificacao do conceito dessas operacoes de cobertura de riscos introduz modificacoes no de especulacao. As operacoes de arbitragem intensificam-se, mas suas fronteiras com a especulacao nem sempre sao delimitadas. Ambas fazem intenso uso da alavancagem que pode resultar em vultosos prejuizosAbstract Hedging operations acquire macroeconomic significance with the expansion of financial derivatives. The specification of the concept of such operations of risk transfer leads to modifications in the concept of speculation. Arbitrage operations intensify, but their frontiers with speculation are not always clear. Both make intense use of leverage which can result in heavy losses.Key words: Financial markets. Financial derivatives, Hedge. Speculation. Arbitrage.. Leverage. Financial instability. Expectations. Risks

Cite this work

No public copy is stored for this record, so only the metadata is cited.

Stored only when both papers are in the corpus — 18 citations exist upstream.

Papers that cite the same references — the relational fallback while embeddings are still backfilling.