The de facto dollarpeg systemthat China is currently adopting can be viewed as a special case of the BBC regime under which the weight of non-dollar currencies in the basket, the width of exchange rate fluctuation, and the speed of thecrawlare all zero percent. ...
爬行钉住汇率制 (Crawling Peg)CrawlingPeg 爬行钉住汇率制 CrawlingPegsCrawlingpegs Definition Reasons Fluctuation(波动）regulatorymechanism（调节机制）advantagesanddisadvantages CrawlingPegs Definition •Asystemofexchangerateadjustmentinwhichacurrencywithafixedexchangerateisallowedtofluctuatewithinabandofrates.•Th...