Some countries have a crawling peg for their nominal, Ask an Expert

Finance

Some countries have a "crawling peg" for their nominal exchange rate: they adjust it by a fixed percentage every year.

For example, Boversia might reduce its exchange rate against the dollar by 3 percent per year.

Why might a country adopt a crawling peg?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91977857

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