Adjustable Peg
An Adjustable Peg is an exchange rate system where countries stabilize their exchange rates around par values that they retain the right to change.
Exchange-rate system constraints and arrangements used to analyze currency pegs and managed fluctuation bands.
Pegs, Target Zones, and Trilemmas explains exchange-rate measures, real and nominal currency values, currency regimes, pegs, floats, convertibility, devaluation, monetary standards, and capital controls used in finance.
Use these pages when currency movements, exchange-rate measurement, cross-border cash flows, country risk, or balance-of-payments pressure affects a finance decision. It sits inside Exchange Rate Systems and History, so readers can move up when the broader economics context matters.
This landing page points readers toward Adjustable Peg, Dirty Floating, Macroeconomic Trilemma, and Target Zone. Choose the narrower page when the term changes the evidence source, calculation, institution, market convention, risk exposure, or decision being made.
| Area | Use it for |
|---|---|
| Adjustable Peg | An Adjustable Peg is an exchange rate system where countries stabilize their exchange rates around par values that they retain the right to change. |
| Dirty Floating | Dirty floating is managed floating in which authorities intervene while still allowing market forces to influence the exchange rate. |
| Macroeconomic Trilemma | The macroeconomic trilemma says a country cannot simultaneously maintain a fixed exchange rate, free capital mobility, and independent monetary policy. |
| Target Zone | A target zone is an exchange-rate band authorities defend or guide through intervention, policy settings, or credibility commitments. |
Currency explanations are educational and do not recommend a trade, hedge, transfer, or country allocation.
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An Adjustable Peg is an exchange rate system where countries stabilize their exchange rates around par values that they retain the right to change.
Dirty floating is managed floating in which authorities intervene while still allowing market forces to influence the exchange rate.
The macroeconomic trilemma says a country cannot simultaneously maintain a fixed exchange rate, free capital mobility, and independent monetary policy.
A target zone is an exchange-rate band authorities defend or guide through intervention, policy settings, or credibility commitments.