This paper discusses experiences on launching Korea’s first-ever regulated derivatives market, namely stock index futures, on May 3, 1996, and subsequent opening of a stock index options market on July 7, 1997. It illustrates what went on as the Korea Stock Exchange was... View more
Damodaran, A. and M. G. Subrahmanyam, “The Effects of Derivative Securities on the Markets for the Underlying Assets in the United States: A Survey,” Financial Markets, Institutions, and Instruments, December, 1992.
Finnerty, J. D . , “Financial Enginering in Corporate Finance: An Overview,” Financial Management, Winter, 1988.
Finnerty, J. D . , “An Overview of Corporate Securities Innovation,” Journal of Applied Corporate Finance, Winter, 1992.
Merton, R. C ., “Financial Innovation and Economic Performance,” Journal o f A pplied Corporate Finance ,Winter, 1992.
Miller, M. H., “Financial Innovation: The Last 20 Years and the Next,” Journal of Financial and Quantitative Analysis, December, 1986.
Miller, M. H., “Financial Innovation: Achievements and Prospects,” Journal of A pplied Corporate Finance, Winter, 1992.
Nance, D. R., Smith, C. W. and C. W. Smithson, “On the Determinants of Corporate Hedging,” Journal of Finance, July, 1993.
Rawls, S. W. and C. W. Smithson, “The Evolution of Risk Management Products,” Journal o f A pplied Corporate Finance, Winter, 1989.
Ross, S. A., “Institutional Markets, Financial Marketing and Financial Innovation,” Journal of Finance, July, 1989.
Silber, W., “The Process of Financial Innovation,” American Economic Review, May, 1983.