crawling peg

名词 n.
中文释义

英文释义

名词 n.
  1. An exchange rate regime that allows depreciation or appreciation to happen gradually.
    — Many analysts assume that a floating rate would have the same general tendency over time as a rate devaluing according to a crawling peg, but this is not certain. If the exchange rate is “undervalued,” for example, in the sense that foreign exchange is in excess supply, a crawling-peg policy would preserve the undervaluation; a floating exchange rate would appreciate and therefore be less inflationary.

词形变化

crawling pegs plural

词源

Coined by English economist John Williamson.
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