Derivatives are used for speculative purposes and to reduce the risks manifested on financial markets. Banking market, due to the high volatility of exchange rate and interest rate derivatives are frequently used to cover the risk associated with lending. Contracts such as options on the...

The Eurosystem in an active factor in consolidating the measures which contribute to the financial stability of both the euro area and the European Union, generally, and it has become more and more necessary due to the ever stronger tendency towards integrating and developing the financial...