| Summary: | 碩士 === 國立政治大學 === 財政學研究所 === 81 === Financial Engineering, which solves the problems in the fin-
ancial market and financial tools and makes them reasonable.
Financial Innovation, which increases the competences of the
financial institutions within the volitity macroeconomy. Use
the skills and ideas of the financial engineering to financial
innovations,we can make a more efficiency and complete
financial markets. My study describes the details of Financial
Futures、Options、 Swaps and other derive products:Options on
Futures and Swaptions , then introduces the new financial
tools: Interest Rate Swap Futures and Options on Interest
Rate Swap Futures.The Swap Futures and the Options on Swap
Futures are the new contracts of CBOT ,which trade from
1991. They are failed trade in the market, but they offer
a example for financial innovations. Now, we want to make
Taipei to become a international finan- cial center, we have
to cancel the financial regulations and develop the new
financial tools. This study is a simple test. graphs、tables
and formulas applied.
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