The RFQ mode aims to enable market  6  participants to negotiate trades on the NDS-OM platform itself for better price discovery. 17. Derivative markets play an important role in allowing entities to  hedge their risks and improving liquidity for the underlying product. Several measures have been taken to rationalise the regulatory framework for forex, credit and interest rate derivative markets.
In these  2  BIS Review 41/2005  cases, adjustment is postponed - in both surplus and deficit countries. But the adjustment and its costs are only delayed, they are not avoided. Indeed, the costs typically end up being larger than they would otherwise be, precisely because they have been delayed.