Meaning of adjustable pegs
Adjustable pegs
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Economics terminology
Glossary of economics terms and concepts
Meaning and definition of adjustable pegs
The device used in the Bretton Woods system to alter exchange rates in an orderly way to eliminate persistent payments deficits and surpluses. Each nation defined its monetary unit in terms of (pegged it to) gold or the dollar, kept the rate of exchange for its money stable in the short run, and adjusted its rate in the long run when faced with international payments disequilibrium.
For the term adjustable pegs may also exist other definitions and meanings, the meaning and definition indicated above are indicative not be used for medical and legal or special purposes.
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