Investigating the Challenges of Financial Instruments in Iran's Capital Market
Keywords:
Financial instrument, Iran's capital market, Failure, InnovationAbstract
Pathology of the failure of the financial instruments of Iran's capital market due to the wide applications of these instruments at the governmental, corporate, and individual levels is an important but little-known topic in academic studies. In recent years, the treatments of examining the issues facing the development of financial instruments have taken a more comprehensive and data-oriented form. Still, most previous studies in this field have only dealt with the challenges of designing and publishing Islamic financial instruments, which will move away from its goal without considering the previous failures. Research outside Iran has generally addressed this issue from the perspective of innovation in the financial sector, and domestic research has often dealt with this issue from the perspective of structural and interfering problems in the Iranian market. One of the challenges of pathological study in this topic is the weakness of databases, the lack of a comprehensive database, and the conflict between existing databases, which hinders the analysis of trends and diagnosis of the causes and areas of damage. In the present research, the failed and unregistered financial instruments in Iran have been addressed. The discussion on financial instruments is broad and dynamic globally and has a rich history. Paying more attention to this significant and neglected topic in academic research is appropriate.
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