{"id":"https://openalex.org/W1479959397","doi":"https://doi.org/10.1108/13581980610659468","title":"On the inception of sound derivative products in emerging markets","display_name":"On the inception of sound derivative products in emerging markets","publication_year":2006,"publication_date":"2006-04-01","ids":{"openalex":"https://openalex.org/W1479959397","doi":"https://doi.org/10.1108/13581980610659468","mag":"1479959397"},"language":"en","primary_location":{"id":"doi:10.1108/13581980610659468","doi":"https://doi.org/10.1108/13581980610659468","is_oa":false,"landing_page_url":"https://doi.org/10.1108/13581980610659468","pdf_url":null,"source":{"id":"https://openalex.org/S58879488","display_name":"Journal of Financial Regulation and Compliance","issn_l":"1358-1988","issn":["1358-1988","1740-0279"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-class-a","anvur-scientific","cwts-core","jufo-1","norway-1","poland-20","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310319811","host_organization_name":"Emerald Publishing Limited","host_organization_lineage":["https://openalex.org/P4310319811"],"host_organization_lineage_names":["Emerald Publishing Limited"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Financial Regulation and Compliance","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5048337641","display_name":"Mazin A. M. Al Janabi","orcid":"https://orcid.org/0000-0002-2249-932X","observed_orcids":["https://orcid.org/0000-0002-2249-932X"]},"institutions":[{"id":"https://openalex.org/I47844","display_name":"Al Akhawayn University","ror":"https://ror.org/03erkev52","country_code":"MA","type":"education","lineage":["https://openalex.org/I47844"]}],"countries":["MA"],"is_corresponding":true,"raw_author_name":"Mazin A.M. Al Janabi","raw_affiliation_strings":["School of Business Administration, Al Akhawayn University in Ifrane, Ifrane, Morocco"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"School of Business Administration, Al Akhawayn University in Ifrane, Ifrane, Morocco","institution_ids":["https://openalex.org/I47844"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":["https://openalex.org/A5048337641"],"corresponding_institution_ids":["https://openalex.org/I47844"],"apc_list":null,"apc_paid":null,"fwci":3.6828,"has_fulltext":false,"cited_by_count":16,"citation_normalized_percentile":{"value":0.94771497,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":88,"max":97},"biblio":{"volume":"14","issue":"2","first_page":"151","last_page":"164"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T12276","display_name":"Risk Management in Financial Firms","score":0.6211000084877014,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T12276","display_name":"Risk Management in Financial Firms","score":0.6211000084877014,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T14317","display_name":"Finance, Markets, and Regulation","score":0.31619998812675476,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T13074","display_name":"Global Financial Regulation and Crises","score":0.0340999998152256,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/derivatives","display_name":"derivatives","score":0.7770000100135803},{"id":"https://openalex.org/keywords/emerging-markets","display_name":"emerging markets","score":0.9409999847412109},{"id":"https://openalex.org/keywords/risk-management","display_name":"risk management","score":0.8349999785423279},{"id":"https://openalex.org/keywords/financial-regulation","display_name":"financial regulation","score":0.6639999747276306},{"id":"https://openalex.org/keywords/market-illiquidity","display_name":"market illiquidity","score":0.597000002861023},{"id":"https://openalex.org/keywords/market-segmentation","display_name":"market segmentation","score":0.5630000233650208},{"id":"https://openalex.org/keywords/political-instability","display_name":"political instability","score":0.6610000133514404},{"id":"https://openalex.org/keywords/prudential-regulation","display_name":"prudential regulation","score":0.640999972820282},{"id":"https://openalex.org/keywords/trading-risk-management","display_name":"trading risk management","score":0.4819999933242798},{"id":"https://openalex.org/keywords/financial-market-development","display_name":"financial market development","score":0.30300000309944153}],"concepts":[{"id":"https://openalex.org/C121087249","wikidata":"https://www.wikidata.org/wiki/Q546395","display_name":"Emerging markets","level":2,"score":0.8981695175170898},{"id":"https://openalex.org/C168725872","wikidata":"https://www.wikidata.org/wiki/Q991663","display_name":"Sophistication","level":2,"score":0.7939999103546143},{"id":"https://openalex.org/C95727064","wikidata":"https://www.wikidata.org/wiki/Q1934287","display_name":"Derivatives market","level":3,"score":0.7270263433456421},{"id":"https://openalex.org/C2779343474","wikidata":"https://www.wikidata.org/wiki/Q3109175","display_name":"Context (archaeology)","level":2,"score":0.612316906452179},{"id":"https://openalex.org/C2776950860","wikidata":"https://www.wikidata.org/wiki/Q2914681","display_name":"Originality","level":3,"score":0.5969476699829102},{"id":"https://openalex.org/C111771559","wikidata":"https://www.wikidata.org/wiki/Q66295","display_name":"Derivative (finance)","level":2,"score":0.5537407398223877},{"id":"https://openalex.org/C19244329","wikidata":"https://www.wikidata.org/wiki/Q208697","display_name":"Financial market","level":2,"score":0.5440196394920349},{"id":"https://openalex.org/C2776291640","wikidata":"https://www.wikidata.org/wiki/Q2912517","display_name":"Value (mathematics)","level":2,"score":0.5393036007881165},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.47743114829063416},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.47346606850624084},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.34791654348373413},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.27375108003616333},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.11960569024085999},{"id":"https://openalex.org/C86803240","wikidata":"https://www.wikidata.org/wiki/Q420","display_name":"Biology","level":0,"score":0.0},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.0},{"id":"https://openalex.org/C144024400","wikidata":"https://www.wikidata.org/wiki/Q21201","display_name":"Sociology","level":0,"score":0.0},{"id":"https://openalex.org/C11012388","wikidata":"https://www.wikidata.org/wiki/Q170658","display_name":"Creativity","level":2,"score":0.0},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.0},{"id":"https://openalex.org/C106306483","wikidata":"https://www.wikidata.org/wiki/Q183984","display_name":"Futures contract","level":2,"score":0.0},{"id":"https://openalex.org/C36289849","wikidata":"https://www.wikidata.org/wiki/Q34749","display_name":"Social science","level":1,"score":0.0},{"id":"https://openalex.org/C151730666","wikidata":"https://www.wikidata.org/wiki/Q7205","display_name":"Paleontology","level":1,"score":0.0},{"id":"https://openalex.org/C119857082","wikidata":"https://www.wikidata.org/wiki/Q2539","display_name":"Machine learning","level":1,"score":0.0}],"mesh":[],"locations_count":4,"locations":[{"id":"doi:10.1108/13581980610659468","doi":"https://doi.org/10.1108/13581980610659468","is_oa":false,"landing_page_url":"https://doi.org/10.1108/13581980610659468","pdf_url":null,"source":{"id":"https://openalex.org/S58879488","display_name":"Journal of Financial Regulation and Compliance","issn_l":"1358-1988","issn":["1358-1988","1740-0279"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-class-a","anvur-scientific","cwts-core","jufo-1","norway-1","poland-20","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310319811","host_organization_name":"Emerald Publishing Limited","host_organization_lineage":["https://openalex.org/P4310319811"],"host_organization_lineage_names":["Emerald Publishing Limited"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Financial Regulation and Compliance","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:eme:jfrc00:13581980610659468","doi":null,"is_oa":false,"landing_page_url":"https://www.emerald.com/insight/content/doi/10.1108/13581980610659468.html?utm_source=repec&utm_medium=feed&utm_campaign=repec","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"},{"id":"pmh:oai:RePEc:eme:jfrcpp:13581980610659468","doi":null,"is_oa":false,"landing_page_url":"https://www.emerald.com/insight/content/doi/10.1108/13581980610659468/full/html?utm_source=repec&utm_medium=feed&utm_campaign=repec","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"},{"id":"pmh:oai:RePEc:eme:jfrcpp:v:14:y:2006:i:2:p:151-164","doi":null,"is_oa":false,"landing_page_url":"http://www.emeraldinsight.com/Insight/viewContentItem.do;jsessionid=FE3D7CBA99FCE857442B0EAD3A3AB766?contentType=Article&contentId=1550580","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"article"}],"best_oa_location":null,"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":9,"referenced_works":["https://openalex.org/W588152224","https://openalex.org/W1527149856","https://openalex.org/W1537631410","https://openalex.org/W2067311314","https://openalex.org/W2077791698","https://openalex.org/W2170068690","https://openalex.org/W2394987875","https://openalex.org/W2496089985","https://openalex.org/W2605502530"],"related_works":["https://openalex.org/W7029312953","https://openalex.org/W3164773045","https://openalex.org/W4375815360","https://openalex.org/W2496089985","https://openalex.org/W1556947968","https://openalex.org/W4405183975","https://openalex.org/W3160520196","https://openalex.org/W4281901703","https://openalex.org/W3123206948","https://openalex.org/W3166513982"],"abstract_inverted_index":{"Purpose":[0],"Since,":[1],"the":[2,15,21,58,62,97,132,170,226,238,244],"early":[3],"1990s,":[4],"emerging":[5,69,115,129,174,186,229,245,264,287],"markets":[6,25,130,137,246,262],"have":[7,45],"started":[8],"to":[9,54,61,72,86,121,169,192,194,218,255,272],"play":[10],"an":[11],"important":[12],"role":[13],"in":[14,28,68,114,131,183,211,237,263,275,286],"trading":[16,111,281],"of":[17,37,57,64,76,82,96,134,142,173,199,216,228,270,283],"derivatives":[18,105],"products.":[19],"Despite":[20],"fact":[22],"that":[23,126,156,208],"these":[24],"are":[26,165,190,209],"characterized":[27],"general":[29],"as":[30,103,109],"illiquid,":[31],"segmented,":[32],"politically":[33],"unstable,":[34],"with":[35,88,162],"lack":[36],"regulations":[38],"and":[39,71,93,101,107,144,154,167,206,222,258,279],"historical":[40],"financial":[41,89,219],"databases,":[42],"they":[43,189],"do":[44],"some":[46,56,95],"advantages":[47],"for":[48],"markets'":[49,90],"participants.":[50],"This":[51,232],"paper":[52,84,233,267],"aims":[53],"discuss":[55],"main":[59],"obstacles":[60],"inception":[63],"successful":[65,278],"derivative":[66,136,163,260,284],"products":[67,164,261,285],"economies":[70],"provide":[73,122],"a":[74,104,110,139,235,250,277],"number":[75],"viable":[77,178],"solutions.":[78],"Design/methodology/approach":[79],"The":[80,117,176,203,266],"objective":[81],"this":[83,148,212],"is":[85,120],"share":[87],"participants,":[91],"regulators":[92,221],"policymakers":[94,223],"author's":[98],"real\u2010world":[99,204],"experiences":[100],"observations":[102,207],"trader":[106],"later":[108],"risk":[112,151,239],"manager":[113],"economies.":[116,265],"endeavor":[118],"here":[119],"several":[123],"robust":[124],"guidelines":[125,205],"can":[127,180],"assist":[128],"establishment":[133],"sound":[135,257,280],"within":[138,225],"prudential":[140],"framework":[141],"rules":[143,153],"policies.":[145],"Findings":[146],"To":[147],"end,":[149],"key":[150],"management":[152,240],"procedures":[155],"should":[157],"be":[158,181,215,269],"considered":[159],"before":[160],"dealing":[161],"examined":[166],"adapted":[168,191],"specific":[171],"needs":[172],"markets.":[175,230,288],"suggested":[177],"solutions":[179],"implemented":[182],"almost":[184],"all":[185],"economies,":[187],"if":[188],"correspond":[193],"each":[195],"market's":[196],"initial":[197],"level":[198],"sophistication.":[200],"Practical":[201],"implications":[202],"discussed":[210],"work":[213],"will":[214,268],"value":[217,271],"entities,":[220],"operating":[224],"context":[227],"Originality/value":[231],"fills":[234],"gap":[236],"literature,":[241],"especially":[242],"from":[243],"perspective,":[247],"by":[248],"providing":[249],"practitioner's":[251],"views":[252],"on":[253],"how":[254],"set\u2010up":[256],"effective":[259],"those":[273],"interested":[274],"founding":[276],"environment":[282]},"counts_by_year":[{"year":2024,"cited_by_count":2},{"year":2023,"cited_by_count":2},{"year":2021,"cited_by_count":4},{"year":2020,"cited_by_count":1},{"year":2016,"cited_by_count":1},{"year":2015,"cited_by_count":1}],"updated_date":"2026-11-04T10:54:05.112534","created_date":"2016-06-24T00:00:00"}