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Pastimes : ClownBuck Deathwatch
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To: Tom Smith who wrote (110)7/13/2001 10:44:34 AM
From: Tom Smith  Read Replies (1) of 329
 
strong dollar policy comes home to roost...will the USD fall on it's own sword?

Ellen Meade, an economist at the Centre for Economic Performance in London, says that a good candidate for a fixed-peg exchange-rate link needs to have a very high trade share with the country to which it is pegged. She concludes that Argentina’s trade links with America may not have been large enough to make its currency board (or peg by another name) viable in the case of a prolonged appreciation of the dollar.

economist.com
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