Abstract
Financial derivatives, particularly over-the-counter (OTC) have been long time critized for insufficient transparency, often too complicated structure and non-adequate risk management. Majority of academics, but also many financial markets professionals find the rapid development of these instruments as one of the main reasons for the fast spread of the financial crisis in 2007-09, as real risk for financial stability and thus for real economy also at present. Relationship between the development of financial derivatives and economic growth is a frequent subject of economic research. There are many sources with different views. We present just a few of the recent period.
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