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
Examples of 'crawling peg' in a sentence
crawling peg
It uses an ''external circumstances'' model, which can be applied to countries with fixed or crawling-peg exchange rate policies.
César A. O. Tejada, Marcelo S. Portugal 2002, 'Credibility and reputation: an application of the "external circumstances" model forthe Real Plan', Revista Brasileira de Economiahttp://www.scielo.br/scielo.php?script=sci_arttext&pid=S0034-71402002000400006. Retrieved from DOAJ CC BY 4.0 (https://creativecommons.org/licenses/by-sa/4.0/legalcode)
The comparison among the different regimes shows that the crawling peg has advantages when compared to other regimes.
Cristiano Aguiar de Oliveira 2014, 'Investment and exchange rate uncertainty under different regimes', Estudos Econômicoshttp://www.scielo.br/scielo.php?script=sci_arttext&pid=S0101-41612014000300005&lng=en&tlng=en. Retrieved from DOAJ CC BY 4.0 (https://creativecommons.org/licenses/by-sa/4.0/legalcode)