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crawling peg |
Also found in: Financial, Wikipedia, Hutchinson | 0.01 sec. |
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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 How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| Medium-term: For the three years after that, approximately 2009-11, re-peg the renminbi to a basket of currencies of China's major trading partners, and use a crawling peg system, like those of Taiwan and Singapore, to allow currency flexibility. Fitch notes that the central bank's intention to move toward the exchange rate bands system from the crawling peg regime in the coming months could improve its ability to implement monetary policy. This, combined with the country's crawling peg exchange rate regime, limited 'usable' international reserves as well as a relatively weak banking sector have increased the vulnerability of Costa Rica to external shocks. |
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