Un mundo riesgoso: sobre contratos derivados y crisis económicas
Derivative contracts are in the crux of the great economic, juridical and political disputes of our times. Their study is therefore a must of all kinds. To do so, we will take into account the documentary analysis using a qualitative analytical approach. These contracts have among other characterist...
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2013
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| Online Access: | https://dialnet.unirioja.es/servlet/oaiart?codigo=5657606 |
| Source: | Inciso, ISSN 1794-1598, Vol. 15, Nº. 1, 2013, pags. 103-116 |
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Inciso, ISSN 1794-1598, Vol. 15, Nº. 1, 2013, pags. 103-116
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Spanish
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Autonomía privada
crisis financieras contratos derivados mercados OTC teoría general del negocio jurídico Private autonomy financial crisis derivatives OTC markets general theory of contracts |
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Autonomía privada
crisis financieras contratos derivados mercados OTC teoría general del negocio jurídico Private autonomy financial crisis derivatives OTC markets general theory of contracts Camacho Castro, José Miguel Un mundo riesgoso: sobre contratos derivados y crisis económicas |
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Derivative contracts are in the crux of the great economic, juridical and political disputes of our times. Their study is therefore a must of all kinds. To do so, we will take into account the documentary analysis using a qualitative analytical approach. These contracts have among other characteristics a conspicuous one: “complexity”. Moreover, this quality goes beyond: it´s about a complexity tending to unintelligibility based on the deregulation and the excessive volume of business (more than 10 times the world gross domestic product). These circumstances derive in the necessity of formulating serious objections to the validity of this atypical contract type grounded on the General theory of juridical business: the indeterminacy of the purpose, the error as a vice of consent and a radical alteration of the cause of derivative contracts. Indeed, the complexity of these inhibits the accurate identification of its purpose, the healthy formation of consent of the contracting party and the clear identification of the contractual teleology. Finally, the narrow relation between financial derivatives and economic crisis through history provide elements for us to think that derivative contracts as instruments of speculation are the trigger in a world of risks from the economic and financial point of view. To briefly address the Dutch tulips crisis and the economic crisis started in 2007 that worsens over time, allow us to illustrate this say the least troubling relationship.
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Article
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| author |
Camacho Castro, José Miguel
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| author_facet |
Camacho Castro, José Miguel
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| author_sort |
Camacho Castro, José Miguel
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Un mundo riesgoso: sobre contratos derivados y crisis económicas
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Un mundo riesgoso: sobre contratos derivados y crisis económicas
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| title_full |
Un mundo riesgoso: sobre contratos derivados y crisis económicas
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Un mundo riesgoso: sobre contratos derivados y crisis económicas
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Un mundo riesgoso: sobre contratos derivados y crisis económicas
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un mundo riesgoso: sobre contratos derivados y crisis económicas
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2013
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https://dialnet.unirioja.es/servlet/oaiart?codigo=5657606
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dialnet-ar-18-ART00010359602016-10-08Un mundo riesgoso: sobre contratos derivados y crisis económicasCamacho Castro, José MiguelAutonomía privadacrisis financierascontratos derivadosmercados OTCteoría general del negocio jurídicoPrivate autonomyfinancial crisisderivativesOTC marketsgeneral theory of contractsDerivative contracts are in the crux of the great economic, juridical and political disputes of our times. Their study is therefore a must of all kinds. To do so, we will take into account the documentary analysis using a qualitative analytical approach. These contracts have among other characteristics a conspicuous one: “complexity”. Moreover, this quality goes beyond: it´s about a complexity tending to unintelligibility based on the deregulation and the excessive volume of business (more than 10 times the world gross domestic product). These circumstances derive in the necessity of formulating serious objections to the validity of this atypical contract type grounded on the General theory of juridical business: the indeterminacy of the purpose, the error as a vice of consent and a radical alteration of the cause of derivative contracts. Indeed, the complexity of these inhibits the accurate identification of its purpose, the healthy formation of consent of the contracting party and the clear identification of the contractual teleology. Finally, the narrow relation between financial derivatives and economic crisis through history provide elements for us to think that derivative contracts as instruments of speculation are the trigger in a world of risks from the economic and financial point of view. To briefly address the Dutch tulips crisis and the economic crisis started in 2007 that worsens over time, allow us to illustrate this say the least troubling relationship.Los contratos derivados se encuentran en el quid de las grandes cuestiones económicas, jurídicas y políticas de nuestro tiempo. El estudio de los mismos se hace así, un imperativo de todo orden. Para tal efecto, se echará mano del análisis documental, con un enfoque analítico y cualitativo. Estos contratos cuentan, entre sus características, con una especialmente sobresaliente: la complejidad. Además esta cualidad va más allá: se trata, en realidad, de una complejidad que tiende a la ininteligibilidad, basada en la desregulación y el desmedido volumen del negocio [más de 10 veces el producto interno bruto mundial]. Estas circunstancias derivan en la necesidad de formular, desde la Teoría General del Negocio Jurídico, serias objeciones a la validez de esta especie de contratos profundamente atípicos: la indeterminación del objeto, el error como vicio del consentimiento y una radical alteración de la causa de los contratos derivados. En efecto, la complejidad de estos impide la certera identificación de su objeto, la sana formación del consentimiento en el contratante y la clara identificación de la teleología contractual. Por último, la estrecha relación que se presenta entre los derivados financieros y las crisis económicas a través de la historia da elementos para pensar que los contratos derivados, como instrumentos de especulación, son el fulminante de un mundo riesgoso desde el punto de vista económico y financiero. Abordar brevemente la crisis holandesa de los tulipanes y la crisis económica iniciada en el año 2007 - que se agrava con el tiempo- permite ilustrar esta, cuando menos, preocupante relación.2013text (article)application/pdfhttps://dialnet.unirioja.es/servlet/oaiart?codigo=5657606(Revista) ISSN 2346-0792(Revista) ISSN 1794-1598Inciso, ISSN 1794-1598, Vol. 15, Nº. 1, 2013, pags. 103-116spaLICENCIA DE USO: Los documentos a texto completo incluidos en Dialnet son de acceso libre y propiedad de sus autores y/o editores. Por tanto, cualquier acto de reproducción, distribución, comunicación pública y/o transformación total o parcial requiere el consentimiento expreso y escrito de aquéllos. Cualquier enlace al texto completo de estos documentos deberá hacerse a través de la URL oficial de éstos en Dialnet. Más información: https://dialnet.unirioja.es/info/derechosOAI | INTELLECTUAL PROPERTY RIGHTS STATEMENT: Full text documents hosted by Dialnet are protected by copyright and/or related rights. This digital object is accessible without charge, but its use is subject to the licensing conditions set by its authors or editors. Unless expressly stated otherwise in the licensing conditions, you are free to linking, browsing, printing and making a copy for your own personal purposes. All other acts of reproduction and communication to the public are subject to the licensing conditions expressed by editors and authors and require consent from them. Any link to this document should be made using its official URL in Dialnet. More info: https://dialnet.unirioja.es/info/derechosOAI
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