Question: Why do you think a country suddenly decides to peg its currency to the dollar or some other currency? When a currency is unable to
Why do you think a country suddenly decides to peg its currency to the dollar or some other currency? When a currency is unable to maintain the peg, what do you think are the typical forces that break the peg?
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A country will usually attempt a peg to reduce speculative flows that occur because of exchange rate ... View full answer
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