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Home > QFINANCE Dictionary > Definition of peg

Definition of

peg

  • 1. Currency & Exchange

    fix exchange rate of currency against others to fix the exchange rate of one currency against that of another or of a basket of other currencies

  • 2. Finance

    fix wages and salaries to control inflation to fix wages and salaries during a period of inflation to help prevent an inflationary spiral

peg - Related Articles

  • Bretton Woods

    Key Concepts

    While Bretton Woods heralded the birth of institutions such as the International Monetary Fund (IMF) and the International Bank for Reconstruction and Development (IBRD), the agreement’s biggest consequence was the adoption of the requirement for each participating nation to peg the value of its currency

  • Latvia

    QFINANCE Country Profiles

    Latvia required the loans because commercial borrowing had become prohibitively expensive, even for the government, whose credit ratings were downgraded to junk status by Standard & Poor’s in February 2009. The IMF-led program is focused on maintaining the currency peg at the current exchange rate

  • New Dollar Area: The Makings of the Mess

    Viewpoints

    NDA members comprise countries that peg their currencies to the dollar, or dirty float against it. China, Hong Kong, and developing Asia are at the core. The periphery is fuzzy. Membership is best defined by the accumulation of excessive foreign currency reserves (mostly dollars, although the currency content of international reserves is not available by individual country holdings
    By Brian Reading

  • Seychelles

    QFINANCE Country Profiles

    The left-wing governments that ruled the Seychelles after the country gained independence from the British in 1976 implemented generous social-service benefits, free education, free healthcare, and subsidized housing. They also kept the local currency, the rupee, pegged artificially high

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Definitions of ’peg’ and meaning of ’peg’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’peg’ and other financial terms with our online QFINANCE Financial Dictionary.

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