The political situation in Italy had and still has implications for sovereign credit and redenomination risk. The current political environment is discussed from an economic and legal perspective focusing strongly on the funding situation of Italian banks. Some empirical evidence is reported. The findings depicted here are compatible with the point of view that the political development in Rome has affected the relationship between bank funding costs in Germany and Italy. In fact, there is clear evidence for the relevance of nonlinearities. Given the time period examined, changes to redenomination risk due to fears about Italy leaving the Euro could be one crucial explanation for the findings reported here.

意大利的政治局势已经并且仍在影响主权信用和面额风险。从经济和法律角度讨论了当前的政治环境，重点关注意大利银行的融资状况。一些经验证据被报道。此处描述的发现与罗马政治发展影响了德国和意大利银行资金成本之间关系的观点是一致的。实际上，有明确的证据表明非线性的相关性。考虑到所审查的时间段，由于担心意大利退出欧元而导致面额风险发生变化，这可能是此处报道的发现的关键解释。