By now, I am sure this learned audience must have got a fairly good sense of the repertoire of derivatives to choose from in management of financial risks business and industry need to contend with day in and day out.
2.3  Adjustment in a monetary union  Let’s consider first the case of a monetary union which, as I mentioned previously, puts a constraint on real exchange rate movements or, more precisely, a constraint on competitiveness within the union. Let us go back to the idea that the expected real marginal product of capital is higher in East.