4  BIS Review 59/2004  If we assume that the fear-of-floating hypothesis accurately describes behavior, what are the implications? Some have argued that, given the unwillingness to float, countries would be better off dollarizing or taking other measures to achieve a hard peg.
In this regard, the contribution that MEFMI makes in this region and the quality of training is an efficient responsiveness to demands for technical assistance rendered. One other aspect adding to the positive attributes of MEFMI is the essence of mobilizing technical expertise within the region for delivery of the activities. This workshop can bear that testimony.