Abstract
The sudden turnovers that the financial markets witnessed
recently, including the fluctuations in the rate of exchange, rate of
interest, prices of commodities, and other assets have become one
of the sailent phenomena in the world economy . These turnovers
have resulted from the structural changes that the economy was
exposed to those changes cover the assessment of rates of
exchange and the collapse of the Briton woods system, and also the
abolishment of limitations and obstacles in the flow of capital across
borders .
These turnovers formed a serious danger threatening the world
financial and bank organizations. The threat extended to their
existence . For these reasons financial derivatives markets have
come into being to form a new world based on the Financial
Engineering .
The increasing significance of the new financial tools and their
role in the movement of capital and comedies too, they have the
major role in the globalization of financial activity worldwide so that
they become an important pillar in the financial globalization.
recently, including the fluctuations in the rate of exchange, rate of
interest, prices of commodities, and other assets have become one
of the sailent phenomena in the world economy . These turnovers
have resulted from the structural changes that the economy was
exposed to those changes cover the assessment of rates of
exchange and the collapse of the Briton woods system, and also the
abolishment of limitations and obstacles in the flow of capital across
borders .
These turnovers formed a serious danger threatening the world
financial and bank organizations. The threat extended to their
existence . For these reasons financial derivatives markets have
come into being to form a new world based on the Financial
Engineering .
The increasing significance of the new financial tools and their
role in the movement of capital and comedies too, they have the
major role in the globalization of financial activity worldwide so that
they become an important pillar in the financial globalization.