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| − | [[Hard peg]] is an exchange rate policy in which the central bank sets a fixed and unchanging value for the exchange rate.
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| − | ==Definition==
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| − | According to [[Principles of Economics by Timothy Taylor (3rd edition)]],
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| − | :[[Hard peg]]. An exchange rate policy in which the central bank sets a fixed and unchanging value for the exchange rate.
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| − | [[Category: Economics]][[Category: Articles]]
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