crawling peg

(redirected from crawling pegs)
Also found in: Financial.
Related to crawling pegs: Adjustable Pegs

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 region features several currency boards, fixed but adjustable pegs, crawling pegs, bands, and crawling bands, as well as almost pure floats.
Since the beginning of 1990 and until March 1995, it pursued an adjustable peg and since then a crawling peg.