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Document Details : Title: Financial Ethics and the Use of Derivatives in Sovereign Debt Management Subtitle: The Case of the Belgian 'Maystadt-swaps' Author(s): VAN GERWEN, Jef , CASSIMON, Danny Journal: Ethical Perspectives Volume: 4 Issue: 2 Date: July 1997 Pages: 94-104 DOI: 10.2143/EP.4.2.563007 Abstract : On October 2, 1996, during the debate in the Belgian House of Representatives on the Federal Budget for 1997, Mr. Herman De Croo, a member of the opposition and chairman of the Flemish Liberal-Democratic Party (VLD), accused the Belgian federal Minister of Finance, Mr. Philippe Maystadt, of malgovernance: 'In its debt management policy, this government is speculating with the Belgian Franc without informing the House. At the moment, losses are due to amount to about 44.3 billion BEF.) |
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