Given your life experience working in the Gulf Region and using the knowledge gained from this class, explain the advantages and disadvantages for a small open economy such as the Kingdom of Bahrain to peg its currency to the US dollar. Are there any circumstances in which the Bahraini Dinar (and other Gulf countries) might abandon the peg and allow the currency to float against the US dollar? In your opinion, what would be the economic consequences of such a decision on the Bahraini economy?