METHODOLOGICAL BASES OF DEFINITION OF THE INTEGRATED INDICATOR LIQUIDITY OF THE DERIVATIVES MARKET

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Abstract

In this article methodological approach to definition of an integrated indicator liquidity of the derivatives market of Ukraine on the basis of application of the taxonomical analysis. The offered approach to an assessment of liquidity of the derivatives market proves the applied value of taxonomical methods for carrying out its diagnostics on the basis of 17 indicators grounded on three aspects according to the concept of an indicator of a development level of Hellwig (1968) (12 – stimulators and 5 – destimulators). These indicators based on three aspects of the liquidity (depth, density and elasticity) are the main conceptual directions which provide system of transformations, accelerate a level of development of the derivatives market of Ukraine.

Keywords: Liquidity of the Derivatives Market, Taxonomical Analysis, Integrated Indicator of Development, Integrated Indicator of the Liquidity of the Derivatives Market

How to cite this paper: Burdenko, I., & Bredikhin, V. (2014). Methodological bases of definition of the integrated indicator liquidity of the derivatives market. Risk governance & control: financial markets & institutions, 4(4), 16-23. https://doi.org/10.22495/rgcv4i4art2