TERMIUM Plus®

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PEG EXCHANGE RATE DOLLAR [1 record]

Record 1 2010-02-10

English

Subject field(s)
  • Currency and Foreign Exchange
CONT

Pegging the exchange rate to the dollar does not make monetary policy credible, as the resounding disaster in Mexico makes clear. ... monetary policy was too loose in 1994 and was inconsistent with the peso pegged at 3.5 to the dollar. Foreign reserves left the country until the peg had to be abandoned.

French

Domaine(s)
  • Politique monétaire et marché des changes

Spanish

Campo(s) temático(s)
  • Política monetaria y mercado de cambios
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