A regime in which the government or central bank announces an official (par value) of its currency and then maintains the actual market rate within a narrow band above and below that by means of exchange market intervention.
Found on
http://www-personal.umich.edu/~alandear/glossary/p.html
(from the article `international payment and exchange`) Under a system of pegged exchange rates, short-term capital movements are likely to be equilibrating if people are confident that parities will be ... The end of pegged exchange rates...markets; a managed float, in which a country`s monetary officials will occasionally intervene in...
Found on
http://www.britannica.com/eb/a-z/p/35
Exchange rate whose value is pegged to another currency`s value or to a unit of account.
Found on
http://www.duke.edu/~charvey/Classes/wpg/bfglosp.htm
No exact match found.
