Interesting at a time like this, especially after the CHF crisis
"...the bulk part of analysts agree that such a policy (currency peg) results in better financial and business conditions in the country, which has implemented a currency peg. On the other hand, a currency, which is tied to the euro, will experience the same fluctuations as the base currency; therefore, it will not be protected against a shock decrease of the euro exchange rate. Such a scenario is rather apocalyptic, though."
http://www.currencysolutions.co.uk/f...ange-rate.html
"...the bulk part of analysts agree that such a policy (currency peg) results in better financial and business conditions in the country, which has implemented a currency peg. On the other hand, a currency, which is tied to the euro, will experience the same fluctuations as the base currency; therefore, it will not be protected against a shock decrease of the euro exchange rate. Such a scenario is rather apocalyptic, though."
http://www.currencysolutions.co.uk/f...ange-rate.html