能源金融衍生品市场的发展与风险特征研究

能源金融衍生品是20世纪中后期兴起的新事物。以石油为基本核心产品的能源金融衍生品市场的发展对于各国的能源安全、金融安全和政治安全具有重要的意义。它有利于吸纳社会闲散资金,拓宽投融资渠道,也有利于市场经济条件下的企业风险管理。作为金融市场的重要组成部分,其发展对于完善市场结构、充分发挥市场功能、扩大市场规模,也具有重要的意义。本文分析了国外发达的能源金融衍生品市场的发展和我国目前的起步状况,并进一步分析了这一新兴市场的风险特征,为我国能源金融衍生品的合理定价和有效的能源金融风险管理打下了理论基础。

Energy finance derivate market's development and risk characteristics research

As a new thing in the middle and later period of the 20th century,the development of the energy financial derivative market has a special meaning for the countries's energy safety,financial safety and political safety.while oil is the basic product of it.It is convenient to absorb market idle fund,expand channels of investment and manage risks for the enterprises in the market economy.As a important component of the financial market,the development of the energy financial derivative market has also a significant sense to perfect market structure,make full use of market function,and extend market scale as well.This paper analyse the development of the international and domestic energy financial derivative market and the risk characteristics of it.It is a theoretical base to price our energy financial derivatives and to manage the risks on such market.