Italy’s use of derivatives for EMU access under scrutiny

The Italian government’s use of swaps in the run-up to European economic and monetary union (EMU) has caused an international debate about the regulation of derivatives. Along with a number of other European governments – including those of Sweden, France and Ireland – the Italian government has been using over-the-counter swaps since the early 1990s, principally to hedge its foreign currency risks.

But the issue of how to regulate this use of derivatives has been brought sharply into focus

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: