Fixed-peg arrangement
Fixed-peg arrangement is the arrangement that occurs when a country locks its currency to a specific currency or basket of currencies at a fixed exchange rate.
Definitions
According to Fundamentals of Financial Management by Eugene F. Brigham and Joel F. Houston (15th edition),
- Fixed-peg arrangement. Occurs when a country locks its currency to a specific currency or basket of currencies at a fixed exchange rate.
Related concepts
- Financial management. A combination of enterprise efforts undertaken in order to procure and utilize monetary resources of the enterprise.
