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- Crawling_peg abstract "Crawling peg is an exchange rate regime usually seen as a part of fixed exchange rate regimes that allows depreciation or appreciation to happen gradually. The system is a method to fully use the key under the fixed exchange regimes as well as the flexibility under the floating exchange rate regime. The system is shaped to peg at a certain value but at the same time is designed to “glide” to respond to external market uncertainties. In dealing to external pressure (such as interest rate differentials or changes in foreign-exchange reserves) to appreciate or depreciate the exchange rate, the system can meet frequent but moderate exchange rate changes to ensure that the economic dislocation is kept minimal. Some central banks use a formula that triggers a change when certain conditions are met (like need for adjustment for inflation), while others prefer not to use a preset formula and change the exchange rate frequently to discourage speculations.The main advantages of a crawling peg are: Avoid economic instability as a result of infrequent and discrete adjustments (fixed exchange rate) Minimize the rate of uncertainty and volatility since the fluctuation in the exchange rate is kept minimal (floating exchange regime)For example, during the peso crisis, Mexico had a fixed exchange rate regime where it pegged the peso to the U.S. dollar in the 1990s. However, its significant inflation made a severe peso devaluation necessary. Knowing that a rapid devaluation would cause financial instability, Mexico instituted a crawling peg, which allowed the peso to slowly depreciate towards a more appropriate exchange rate. — Investopedia explains 'Crawling Peg'In practice, the system may not be an "ideal system" under certain scenarios. For instance, if there is substantial currency flows that may affect the exchange rate, monetary authorities may be "forced" to accelerate currency realignment, leading to substantial unsystematic costs to market players. In practice, only a few countries have adopted crawling pegs. According to the IMF's "Annual Report on Exchange Arrangements and Exchange Restrictions 2014", there were only two countries—Nicaragua's córdoba and Botswana's pula—that had a crawling-peg exchange rate arrangement.".
- Crawling_peg wikiPageExternalLink index.htm.
- Crawling_peg wikiPageExternalLink wp02155.pdf.
- Crawling_peg wikiPageExternalLink crawlingpeg.asp.
- Crawling_peg wikiPageID "13762009".
- Crawling_peg wikiPageLength "3974".
- Crawling_peg wikiPageOutDegree "19".
- Crawling_peg wikiPageRevisionID "650470069".
- Crawling_peg wikiPageWikiLink Botswana.
- Crawling_peg wikiPageWikiLink Botswana_pula.
- Crawling_peg wikiPageWikiLink Category:Foreign_exchange_market.
- Crawling_peg wikiPageWikiLink Category:International_economics.
- Crawling_peg wikiPageWikiLink Central_bank.
- Crawling_peg wikiPageWikiLink Currency_appreciation_and_depreciation.
- Crawling_peg wikiPageWikiLink Exchange-rate_regime.
- Crawling_peg wikiPageWikiLink Exchange_rate_regime.
- Crawling_peg wikiPageWikiLink Fixed_exchange-rate_system.
- Crawling_peg wikiPageWikiLink Fixed_exchange_rate.
- Crawling_peg wikiPageWikiLink Floating_exchange_rate.
- Crawling_peg wikiPageWikiLink Foreign-exchange_reserves.
- Crawling_peg wikiPageWikiLink Formula.
- Crawling_peg wikiPageWikiLink Inflation.
- Crawling_peg wikiPageWikiLink Mexican_peso.
- Crawling_peg wikiPageWikiLink Mexican_peso_crisis.
- Crawling_peg wikiPageWikiLink Mexico.
- Crawling_peg wikiPageWikiLink Nicaragua.
- Crawling_peg wikiPageWikiLink Nicaraguan_córdoba.
- Crawling_peg wikiPageWikiLink Speculation.
- Crawling_peg wikiPageWikiLinkText "Crawling peg".
- Crawling_peg wikiPageWikiLinkText "crawling peg".
- Crawling_peg hasPhotoCollection Crawling_peg.
- Crawling_peg wikiPageUsesTemplate Template:Cite_book.
- Crawling_peg wikiPageUsesTemplate Template:Cite_web.
- Crawling_peg wikiPageUsesTemplate Template:Reflist.
- Crawling_peg subject Category:Foreign_exchange_market.
- Crawling_peg subject Category:International_economics.
- Crawling_peg hypernym Regime.
- Crawling_peg type Country.
- Crawling_peg type Market.
- Crawling_peg type Relation.
- Crawling_peg comment "Crawling peg is an exchange rate regime usually seen as a part of fixed exchange rate regimes that allows depreciation or appreciation to happen gradually. The system is a method to fully use the key under the fixed exchange regimes as well as the flexibility under the floating exchange rate regime. The system is shaped to peg at a certain value but at the same time is designed to “glide” to respond to external market uncertainties.".
- Crawling_peg label "Crawling peg".
- Crawling_peg sameAs Crawling_Peg.
- Crawling_peg sameAs Crawling_peg.
- Crawling_peg sameAs m.027lmvn.
- Crawling_peg sameAs Q1139161.
- Crawling_peg sameAs Q1139161.
- Crawling_peg wasDerivedFrom Crawling_peg?oldid=650470069.
- Crawling_peg isPrimaryTopicOf Crawling_peg.