Financial innovations on the currency market as new instruments to risk management

Information
Title: Financial innovations on the currency market as new instruments to risk management
Issue: Vol. 8, No 1, 2015
Published date: 20-05-2015 (print) / 20-05-2015 (online)
Journal: Journal of International Studies
ISSN: 2071-8330, eISSN: 2306-3483
Authors: Ireneusz Miciuła
Keywords: financial innovations, currency market, globalisation, economic creation.
DOI: 10.14254/2071-8330.2015/8-1/12
DOAJ: https://doaj.org/article/5cb52f275e1e43e0a262ebf6eac7dc64
Language: English
Pages: 138-149 (12)
Website: http://jois.eu/files/JIS_Vol8_No1_Miciula.pdf
File https://www.jois.eu/files/JIS_Vol8_No1_Miciula.pdf
Abstract

The globalisation process has provided us with the possibility of exchange and competition growth, and thus, has brought about the issue of economic (business) creation in the context of the new foreign exchange risk mitigation instruments. The author presents the division and percentage proportion of innovative risk management instruments used in practice in the Polish economic reality, and compares it to foreign markets (the USA and Germany). Moreover, an attempt is made to define what financial innovations are and analyse the available alternatives and instruments provided by the currency market and used to manage a company on the global market. Finally, chances and threats presented by financial innovations are also demonstrated.