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crawling peg
(redirected from crawling pegs)

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crawling peg

In economics, a method of achieving a desired adjustment in a currency exchange rate (up or down) by small percentages over a given period, rather than by major revaluation or devaluation.

Some countries use a formula that triggers a change when certain conditions are met. Others change values frequently to discourage speculations.



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This contrasts with free-floating rates, which are not controlled by central banks in any way, and fixed and crawling pegs, which are legally binding targets.
Russia : Source says Central Bank of Russia may broaden target range ... by TendersInfo
What crawling pegs attempt to achieve is to provide a nominal anchor (pre-announced path of the exchange rate) to focus inflationary expectations while accommodating inflation inertia.
Exchange rate regime choice in Central and Eastern European ... by Klyuev, Vladimir / Comparative Economic Studies
fixed exchange rates and controlled floating versus crawling pegs and free floating.
Internal Liberalization as a Barrier To Export-led Recovery in ... by Frensch, Richard / Comparative Economic Studies
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