rigid peg regime
A rigid peg regime refers to an exchange rate system where a country's currency is tightly and immovably fixed to another currency or a basket of currencies. This fixed exchange rate is maintained by the country's central bank or monetary authority through intervention in the foreign exchange market and strict monetary policies.
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Related Concepts (1)
Similar Concepts
- behavioral rigidity
- bureaucratic rigidity
- crawling band regime
- crawling peg regime
- currency pegs
- fixed exchange rate regime
- managed float regime
- pegged exchange rate regime
- regime shifts
- rigid bureaucratic systems
- rigid mindset
- rigid viewpoints
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- soft peg regime