Central Counterparties : The Role of Multilateralism and Monopoly
This article is a reprint of a speech by Tommaso Padoa-Schioppa, Minister of Economic Affairs and Finance of Italy and former member of the Executive Board of the European Central Bank, on April 3, 2006, at quot;Issues Related to Central Counterparty Clearing,quot; a joint conference of the Federal Reserve Bank of Chicago and the European Central Bank, held in Frankfurt, Germany, April 3-4, 2006