Journal title ECONOMIA E DIRITTO DEL TERZIARIO
Author/s Loris Nadotti
Publishing Year 2012 Issue 2011/3 Language Italian
Pages 15 P. 421-435 File size 518 KB
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They have moved progressively from passive management of the debt instruments to the so-called financial risk management as a method for controlling financial risks. The purpose of this article is to demonstrate how the use of financial derivatives, in these circumstances and in accordance with the existing regulatory framework can be an opportunity but, if not properly managed, also an additional source of risk. The article outlines the regulatory framework and the quantitative aspects related to the Italian situation in the last decade and formulate proposals for the management of derivatives by Italian local government.
Loris Nadotti, Derivati ed economie regionali in "ECONOMIA E DIRITTO DEL TERZIARIO " 3/2011, pp 421-435, DOI: 10.3280/ED2011-003002