Martina
Tue Nov 19 2024
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6 answers
1491
What happens when a currency is pegged to another?
I want to understand the implications and effects that occur when one currency is pegged or fixed to another currency. What are the economic consequences of such a pegging system?
SolitudeSeeker
Wed Oct 09 2024
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5 answers
1254
What happens when a currency is pegged to the US dollar?
Could you please elaborate on the implications of pegging a currency to the US dollar? Does it provide stability to the domestic economy? How does it affect international trade and investments? Additionally, are there any potential drawbacks or risks associated with this practice? I'm particularly interested in understanding the mechanisms behind this monetary policy and how it influences economic decision-making.
