The role of derivatives in the World and Belarusian economy

Abstract

There is a clear trend toward financialization in today's global economy. The financial sector is becoming as important as the real economy, especially with the development of digital instruments and international capital flows. New financial instruments, especially derivatives, are emerging for the successful functioning of financial institutions. Derivatives are continuously linked to all financial instruments on the markets and are necessary, among other things, for the success of the real sector. These types of instruments make it possible to hedge risks, increase profitability, speculate on markets and also to buy real assets competently. The relevance of this issue is related to the growing role and real values of this sector. The object of the research is different types of derivatives and their use. The paper presents an analysis of the use of derivatives in the world economy, as well as in the economy of the Republic of Belarus