21. Hong Kong rates track U.S. rates because its currency is pegged to the dollar. 22. Hong Kong typically mirrors U.S. monetary policy because its currency is pegged to the American dollar. 23. Hong Kong rates follow U.S. rates because its currency is pegged to the U.S. dollar. 24. Hong Kong rates track those in the U.S. because its currency is pegged to the dollar. 25. Hong Kong monetary policy tracks the U.S. because its currency is pegged to the U.S. dollar. 26. In Argentina, the currency is pegged on a one-to-one basis to the U.S. dollar. 27. Last month it introduced an austere budget and pegged its currency to the German mark. 28. Like many Asian countries, Brazil has a rising current account deficit and a foreign exchange policy that loosely pegs its currency to the U.S. dollar. 29. Lithuania, like Argentina and Brazil, has formally pegged its currency to the dollar. 30. Particularly vulnerable are Argentina, whose currency is pegged to the U.S. dollar, and Brazil, which is running current account and budget deficits. |