Leveraged/Inverse ETFs and Volatility in the Korean Market한국에서의 레버리지 및 인버스 ETF의 변동성과 시장 충격에 관한 연구

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dc.contributor.author김수현ko
dc.contributor.author이규석ko
dc.contributor.author강형구ko
dc.date.accessioned2016-04-12T08:21:17Z-
dc.date.available2016-04-12T08:21:17Z-
dc.date.created2015-09-25-
dc.date.created2015-09-25-
dc.date.issued2015-08-
dc.identifier.citation선물연구, v.23, no.3, pp.353 - 366-
dc.identifier.issn1229-988X-
dc.identifier.urihttp://hdl.handle.net/10203/203539-
dc.description.abstractThere have been the concerns that leveraged and inverse ETFs contribute to the financial crisis of 2007~2008. Several researchers have investigated this important issue. However, there is no consensus yet whether leveraged and inverse ETFs destabilize a financial market. Financial stability is an important subject for policy makers, practitioners and academia. ETFs are one of the most important financial innovations. In particular, leveraged and inverse become more and more influential. Therefore, such lack of academic and practical consensus is a significant challenge. In this paper, we analyze whether leveraged and inverse ETFs affect the price and volatility of Korean market. Thus, our research contributes to the body of literature and to the design of public policies and trading strategies. Our research can also advance the development of ETF industry, one of the fastest growing and promising sector in the Korean financial market.-
dc.languageKorean-
dc.publisher한국파생상품학회-
dc.titleLeveraged/Inverse ETFs and Volatility in the Korean Market-
dc.title.alternative한국에서의 레버리지 및 인버스 ETF의 변동성과 시장 충격에 관한 연구-
dc.typeArticle-
dc.type.rimsART-
dc.citation.volume23-
dc.citation.issue3-
dc.citation.beginningpage353-
dc.citation.endingpage366-
dc.citation.publicationname선물연구-
dc.identifier.kciidART002027918-
dc.contributor.localauthor이규석-
dc.contributor.nonIdAuthor김수현-
dc.contributor.nonIdAuthor강형구-
dc.subject.keywordAuthor상장지수펀드(ETF)-
dc.subject.keywordAuthor레버리지 ETF-
dc.subject.keywordAuthor인버스 ETF-
dc.subject.keywordAuthor시장 충격-
dc.subject.keywordAuthor변동성-
dc.subject.keywordAuthor금융 안정성-
dc.subject.keywordAuthorExchange Traded Fund (ETF)-
dc.subject.keywordAuthorLeveraged ETF-
dc.subject.keywordAuthorInverse ETF-
dc.subject.keywordAuthorMarket Impact-
dc.subject.keywordAuthorVolatility-
dc.subject.keywordAuthorFinancial Stability-
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MT-Journal Papers(저널논문)
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