crawling peg
Hello, you have come here looking for the meaning of the word crawling peg. In DICTIOUS you will not only get to know all the dictionary meanings for the word crawling peg, but we will also tell you about its etymology, its characteristics and you will know how to say crawling peg in singular and plural. Everything you need to know about the word crawling peg you have here. The definition of the word crawling peg will help you to be more precise and correct when speaking or writing your texts. Knowing the definition ofcrawling peg, as well as those of other words, enriches your vocabulary and provides you with more and better linguistic resources.
English
Etymology
Coined by English economist John Williamson.
Noun
crawling peg (plural crawling pegs)
- (economics) An exchange rate regime that allows depreciation or appreciation to happen gradually.
- 1991, Paul Beckerman, The Economics of High Inflation, Springer, →ISBN, page 144:
- 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.
- 1999 January 2, Joseph Kahn, quoting Alan Greenspan, “Era May End For Floating Currencies”, in The New York Times, →ISSN:
- “Many emerging-market economies have tried a number of technical devices: the fixed rate peg, varieties of crawling peg, currency boards and even dollarization,” Mr. Greenspan said in a recent speech. “The success has been mixed. Where successful, they have been backed by sound policies.”
Descendants
- → Spanish: crawling peg
Spanish
Etymology
Unadapted borrowing from English crawling peg.
Noun
crawling peg m
- crawling peg
- 2025 January 14, Ana Clara Pedotti, “Inflación de diciembre: bajaría el ajuste mensual del dólar y la tasa de interés”, in Clarín, page 12:
- Especificó que, si la inflación de diciembre resulta de 2,5% mensual el crawling peg se reducirá a 1% y si la inflación mensual se mantiene en 1,5% m/m durante tres meses la devaluación del peso se eliminaría.
- (please add an English translation of this quotation)