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Strategies & Market Trends : Asia Forum
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To: Rational who wrote (691)1/12/1998 5:45:00 PM
From: DMaA  Read Replies (2) of 9980
 
Sankar, Argentina and Hong Kong both have currency boards whose goal is to peg the value of the local currency to the US$. I have heard voices lately advocating this approach for other countries.

My question is, if this practice became wide spread, are there any risks Americans should be aware of for our economy and/or currency? From a strictly selfish American point of view is this a good, bad or indifferent thing.
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