衍生产品是现代金融业发展的产物,自1972年外汇期货推出以来,衍生产品在此起彼伏的褒贬声中迅速发展。衍生产品从诞生起就具有双重性:一方面提高了经济和金融体系的资源配置效率,推动了经济繁荣和扩张,但另一方面也因过度创新和投机,加剧了金融动 Derivatives are the product of the development of the modern financial industry. Since the introduction of the foreign exchange futures in 1972, the derivatives have been rapidly developed in the background of the praises of one after another. Derivatives have duality since their inception: on the one hand, they have increased the efficiency of resource allocation in the economic and financial systems and promoted economic prosperity and expansion; on the other hand, they have also exacerbated the financial movements due to excessive innovation and speculation