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Argentina abandoned the dollar peg and devalued.
Meanwhile, they repeat their commitment to the dollar peg.
His defense of the dollar peg is not surprising since he helped Argentina adopt it.
The Gulf states need to get rid of their dollar peg now.
China, which abandoned its dollar peg in 2005, has accelerated the pace of the yuan's appreciation.
But they would not address the underlying mismatch between any oil exporter and a dollar peg.
A shock loosening of the dollar peg preceded last August's market panic.
They fret that to discuss alternatives to the dollar peg is to undermine confidence in it.
Dismal growth led to a loss of confidence in Argentina's dollar peg in 2001.
It endured three years of deflation before its economy and dollar peg collapsed in 2001.
Its central-bank governor repeated a commitment to the dollar peg on September 26th.
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