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crawling peg
(redirected from Adjustable Peg)

    Also found in: Financial, Wikipedia 0.01 sec.
crawling peg
n
(Economics) a method of stabilizing exchange rates, prices, etc., by maintaining a fixed level for a specified period or until the level has persisted at an upper or lower limit for a specified period and then permitting a predetermined incremental rise or fall
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Since the squat rack has adjustable pegs and safety bars I can lower or raise them for the bench press.
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A movable or adjustable peg system is a system of fixed exchange rates,but with a provision for the devaluation of a currency.
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There is also a bit of heavy weather made over the role of exchange controls as a central feature of the original Bretton Woods regime, which ignores the fact that Keynes had recognized before the war that an adjustable peg exchange rate system logically entailed them.
Towards North American Monetary Union: The Politics and History of ... by Moggridge, Donald E. / Canadian Public Administration
 
 
 
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