erm

Description The past two decades have seen a dramatic change in the role of risk management in corporations. Twenty years ago, the job of the corporate risk manager—typically, a low-level position in the corporate treasury—involved mainly the purchase of insurance. doc_853392821.pdf

The Exchange Rate Mechanism (ERM): Currencies in the ERM had fixed central rates against each other and against the ECU, a composite European currency, but a variation margin around the central rate was permitted before central government intervention was required. However, exchange rate...