Derivative usage by listed companies in Mauritius, Morocco, Tunisia, WAEMU region 2008/2009

 

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dc.contributor.advisor Holman, Glen en_ZA
dc.contributor.author Raharison, Ratsitoarivelo en_ZA
dc.date.accessioned 2015-04-02T14:19:17Z
dc.date.available 2015-04-02T14:19:17Z
dc.date.issued 2012 en_ZA
dc.identifier.citation Raharison, R. 2012. Derivative usage by listed companies in Mauritius, Morocco, Tunisia, WAEMU region 2008/2009. University of Cape Town. en_ZA
dc.identifier.uri http://hdl.handle.net/11427/12678
dc.description Includes bibliographical references. en_ZA
dc.description.abstract Derivatives have a long history which could be traced as far as in the biblical times, around 1700 B.C when Jacob was granted the right to marry Laban’s daughter, in counterparty of seven years of work, an agreement often presented as one of the first option contract in the human history. However, the use of derivatives really expanded over the last three decades. According to the Bank of International Settlement (BIS), the outstanding notional amount of the global over-the-counter (OTC) derivative market reached USD 708 trillion in June 2011. Derivative markets have a significant role to play in the development of African financial markets. Indeed, through the mechanisms of price discovery and risk transfer; derivative instruments introduce greater market efficiency and provide market participants the opportunity to hedge their exposure to various financial risks. The development of a derivative strong market in Africa presents a compelling case given the nature of several African economies, predominantly composed of primary commodity producers, open small economies inherently vulnerable to commodity price, foreign exchange volatility, and interest rate risks. en_ZA
dc.language.iso eng en_ZA
dc.subject.other Financial Management en_ZA
dc.title Derivative usage by listed companies in Mauritius, Morocco, Tunisia, WAEMU region 2008/2009 en_ZA
dc.type Thesis / Dissertation en_ZA
uct.type.publication Research en_ZA
uct.type.resource Thesis en_ZA
dc.publisher.institution University of Cape Town
dc.publisher.faculty Faculty of Commerce en_ZA
dc.publisher.department Department of Finance and Tax en_ZA
dc.type.qualificationlevel Masters en_ZA
dc.type.qualificationname MCom en_ZA
uct.type.filetype Text
uct.type.filetype Image


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