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This title brings together the perspectives of a group of experts who focus on these important issues, and explores the appropriateness of pegging to the dollar for both individual countries prior to monetary union and for the subsequent union itself. This book - written by lea…
In preparation for monetary union most of the Gulf Cooperation Council (GCC) countries have pegged their currencies rigidly to the US dollar. However, the relatively dramatic movements in the US dollar in the recent past, and also in the early 1990s, have called this practice in…