Options and Futures: A Financial Geography Analysis of the Construction of Taiwan Futures Market
Date Issued
2005
Date
2005
Author(s)
Chen, Pin-Hsien
DOI
zh-TW
Abstract
The paper takes the issue of the construction of Taiwan futures market. Instead of unquestioningly accepting the idea of ‘path dependency’, the research critically reviews the literature on institutionalism, and tries to enrich the empirical case of financial geography and Neil Fligstein’s ‘political-cultural approach’. The paper is divided into five parts. Succeeding setting out the research inquiries and designs, the second chapter deals with the context of transformation of financial system in Taiwan. The third chapter tells the plot of legalization of futures trading in detail, and the focus is on the different options and arguments. Based on the story of institutionalized process, the forth chapter explicates two arguments: ‘market as political processes and ‘market as field’. The final chapter concludes the paper, and highlights the geographical implication in the market construction process.
Subjects
金融制度
路徑依存
市場建構
金融地理學
期貨
選擇權
衍生性商品
financial institution
path dependency
market construction
financial geography
political-cultural approach
futures
options
derivatives
Type
thesis
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