crawling peg

(redirected from Adjustable Pegs)
Also found in: Financial.

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
References in periodicals archive ?
They come in many varieties: crawling pegs, adjustable pegs, bands, managed floats, and more.
The 2007 bike is tiny, light and packs a wealth of superbike technology: Slipper clutch, steering damper, fully adjustable suspension, radial brakes and master cylinder and adjustable pegs.
In short, this advantage of target zones was always theoretical if not fictional, while the disadvantages of explicit exchange rate commitments (just as in adjustable pegs for emerging markets) are real.
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