Why might a country adopt a crawling peg

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Reference no: EM131221921

Some countries have a "crawling peg" for their nominal exchange rate: they adjust it by a fixed percentage every year.

For example, Boversia might reduce its exchange rate against the dollar by 3 percent per year.

Why might a country adopt a crawling peg?

Reference no: EM131221921

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Why might a country adopt a crawling peg : Boversia might reduce its exchange rate against the dollar by 3 percent per year. - Why might a country adopt a crawling peg?

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