Many countries experiencing high and rising inflation, or even hyperinflation, will adopt a fixed exchange rate regime.

Question:

Many countries experiencing high and rising inflation, or even hyperinflation, will adopt a fixed regime. Discuss the potential costs and benefits of a fixed regime in this case. Comment on fiscal discipline, seignior age, and expected future inflation.
Exchange Rate
The value of one currency for the purpose of conversion to another. Exchange Rate means on any day, for purposes of determining the Dollar Equivalent of any currency other than Dollars, the rate at which such currency may be exchanged into Dollars...