Adam, Christopher; Cobham, David - Centre for Economic Reform and Transformation, School … - 2008
, but the creation of the euro means that there is now for the first time a real alternative numéraire and anchor available … the dollar, dollarising, pegging to the euro and euroising, each of these on an individual country basis and when the MENA … better to anchor on the euro than on the dollar, but for some others (typically small oil exporters with large exports to …