In the second part of my address I should therefore like to touch upon some basic structural features of EMU – which have perplexed observers within the EU, but especially outside Europe – namely, how a single monetary policy can indeed function in the absence of a unified political entity.
And so, thanks to the use of operations research techniques, a new methodology to settle securities in the Mexican market was born. With this solution in hand, Banco de México felt Indeval had the capability to develop a system that would: 1. Settle under a delivery versus payment scheme.