Gas futures as a factor of the Ukrainian capital market development

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dc.contributor.authorBublyk, Yevhen
dc.contributor.authorKurbet, Oleksandra
dc.contributor.authorYukhymets, Roman
dc.date.accessioned2023-02-24T07:23:03Z
dc.date.available2023-02-24T07:23:03Z
dc.date.issued2022
dc.description.abstractThe purpose of the paper is to analyze current trends in the gas futures market and the prerequisites for their spreading in Ukraine. The analysis is based on scientific research results, search query time series provided by Google Trends, and statistical databases of derivative markets. The paper reveals the trends in the reshaping of the commodity derivatives market after 2008 in favor of commodity derivatives and the fast-growing volume of gas futures in the EU after 2017. The dual reason for these trends comes from the growing energy challenges and the tightening of financial derivatives regulation. Both reasons depend on real economic activity. This determines the presence of economic prerequisites for the spread of gas futures in the world. The paper identifies the main institutional prerequisites for the spread of gas futures in Ukraine: an active gas exchange with growing volume of the spot trading and a situational factor of the energy market reforming. Initiatives of the gas market liberalization in Ukraine correspond to the energy market reform in EU. The identified trends, prerequisites, advantages and obstacles for the spread of gas futures allow to generalize proposals for state regulation, such as organizing the Ukrainian energy market as a hub to attract participants from other countries, as well as supporting the spread of gas futures on the capital market through the implementation of clearing mechanisms.en_US
dc.description.urihttps://doi.org/10.21511/imfi.19(4).2022.16
dc.identifier.citationBublyk Y. Gas futures as a factor of the Ukrainian capital market development / Yevhen Bublyk, Oleksandra Kurbet, Roman Yukhymets // Investment Management and Financial Innovations. - 2022. - Vol. 19, Issue 4. - P. 193-206. - https://doi.org/10.21511/imfi.19(4).2022.16en_US
dc.identifier.issn1810-4967
dc.identifier.issn1812-9358
dc.identifier.urihttps://ekmair.ukma.edu.ua/handle/123456789/24773
dc.identifier.urihttps://doi.org/10.21511/imfi.19(4).2022.16
dc.language.isoenuk_UA
dc.relation.sourceInvestment Management and Financial Innovationsen_US
dc.statusfirst publisheduk_UA
dc.subjectfinancial developmenten_US
dc.subjectcapital marketen_US
dc.subjectderivativesen_US
dc.subjectcommoditiesen_US
dc.subjectexchangesen_US
dc.subjectnatural gasen_US
dc.subjectenergy securityen_US
dc.subjectarticleen_US
dc.titleGas futures as a factor of the Ukrainian capital market developmenten_US
dc.typeArticleuk_UA
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