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Currency derivatives are very useful to global financial
managers to hedge FX risk, but they can also be used by
speculators. Should these speculators be able to use complex
and potentially dangerous derivative products? (Recall the roll
of complex mortgage derivatives in the global financial crisis of
2008)

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  • 1. Currency derivatives are very useful to global financial managers to hedge FX risk, but they can also be used by speculators. Should these speculators be able to use complex and potentially dangerous derivative products? (Recall the roll of complex mortgage derivatives in the global financial crisis of 2008)