Suppose Turkey was in the grip of a crisis that threatened the nation's chances of entering the

Question:

Suppose Turkey was in the grip of a crisis that threatened the nation's chances of entering the EU. Explain why many analysts might feel that, if Turkey wanted to end decades of high inflation, it had to fix its to the euro.
a. Suppose that other analysts recommended a crawling peg system. Explain a crawling peg system, and then explain its advantages and disadvantages relative to a fixed regime.
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...