On the Cause of Financial Derivatives Markets Risk Events

ZHANG Xin,XIE Kang(The Institute of World Economy,Shanghai Academy of Social Sciences,Shanghai 200025,China)  

While derivatives markets greatly expand from the forepart of 1990s,market risk events unceasingly occur,which attract the attention of all circles.This paper explains the definition,the background,the features and the formation causes of derivatives market risk events,and indicates that systemic factors and non-systemic factors are the fundamental causes.This paper also discusses how to cause derivatives markets risk events because of market failures,supervision failures,inside control failures and educational failures.

【CateGory Index】： F832.51

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