Resumo

MOLINA DIAZ, Elda. Financial Derivatives in Under-Developing Countries. Unusual Variants for the Hedging of Commodities Price Variation Risks. Estudios del Desarrollo Social [online]. 2022, vol.10, n.2  Epub 01-Ago-2022. ISSN 2308-0132.

Although the derivatives market in developing countries does not reach the size and development of those of developed countries, this instruments’ use has been growing since the 80’s. They significantly benefit these economies which are quite dependent from foreign trade and vulnerable to fluctuations of their main export and import items and financing flows. However, these countries face difficulties for a wide and efficient use of these instruments. There are positive experiences in developing countries using derivatives to protect risks related to foreign trade, mostly through simple strategies. However, some less conventional or more complex variants can be implemented in order to increase the positive outcome from these instruments and to avoid some of the obstacles prevailing for their use. The most effective alternatives are those involving options.

Palavras-chave : commodity derivatives; emerging markets; financial derivatives; hedging; risk.

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