요약 I. Introduction II. Environmental Change 1. Deregulation of Foreign Exchange and Capital Movements 2. Deregulation of Interest Rates III. Current Situation of the Korean Derivatives Market 1. The Size of Korean Derivatives Market 2. The Status of Korean Firms' Derivatives Utilization IV. Empirical Study on the Listing Condition of Won/Dollar Currency Futures 1. Size of Won/Dollar Spot Market 2. Efficiency of the Foreign Exchange Market 3. Volatìlity of Spot Rate 4. A Substitute Demand for Won/Dollar Currency Futures 5. The Deregulation Degree of Capital Movements V. Summary and Conclusion Reference
저자
SAE-WOON PARK [ Professor, Department of Business Administration, Changwon National University ]
SANG-TAE CHOI [ Assistant Professor, Department of Finance, Pusan Kyungsang College ]