crawling peg

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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
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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.
The data for 1996 confirm the point advanced by Halpern and Wyplosz (1996), as well as by Begg (1996), that with quasi-fixed exchange rates (crawling pegs and bands) the primary cause of the real currency appreciation in the central European TEs is high inflation; appreciation will stop only with the completion of the transformation.