Brazil's real, not the dollar, could be the solution to Argentina's currency turmoil, an economist says

• Argentina should peg the peso to Brazil's real, not the US dollar, to deal with exchange-rate instability and hyperinflation, an economist said.
• "If Argentina wants a currency peg so badly - Dollarization is after all just a peg - peg to Brazil," Robin Brooks said. 
• Brooks had earlier suggested Argentina needs a recession, not dollarization, to fix its economic woes. 

Argentina should peg its currency to Brazil's real, not the US dollar, to deal with its economic problems including rampant exchange-rate instability and hyperinflation, according to an economist.