Also of importance in terms of stability, efficiency and market development is the operational link between these new instruments and real-time gross settlement and securities settlement systems. Liquidity management is an important part of the overall risk management for which “conventional” financial institutions may have recourse to derivatives instruments. But the majority of Shariah scholars consider that derivatives instruments contradict Shariah principles.
I would like to add a few comments on possible minimum wage hikes in Mexico. Minimum wages are a feature common to most countries, and Mexico is no exception, with the level set by a national commission for all jurisdictions. What is particular to our country is a notable deterioration of this indicator in the 1980s and 1990s due to high and unstable inflation.