With oil priced in U.S. dollars, most Middle Eastern and other oil-producing countries have a fixed exchange

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With oil priced in U.S. dollars, most Middle Eastern and other oil-producing countries have a fixed exchange rate peg to the U.S. dollar. What are the pros and cons of these countries pegging their currency to the U.S. dollar?

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Macroeconomics

ISBN: 9781319245269

6th Edition

Authors: Paul Krugman, Robin Wells

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