Typically, a government wanting to maintain a fixed exchange rate does so by either buying or selling its own currency … See more

The gold standard is the pegging of money to a certain amount of gold.
Currency board arrangements are the most widespread means of fixed exchange rates. Currency boards are considered hard pegs as they allo… See more

Monetary co-operation is the mechanism in which two or more monetary policies or exchange rates are linked, and can happen at regional or international level. The monetary co-operation does not necessarily need to be … See more

One main criticism of a fixed exchange rate is that flexible exchange rates serve to adjust the balance of trade. When a trade deficit occurs under a floating exchange rate, there will be increased demand for the foreign (rat… See more

The belief that the fixed exchange rate regime brings with it stability is only partly true, since speculative attacks tend to target currencies with fixed exchange rate regimes, and in fact, the stability of the economic s… See more

• The trade-off between symmetry of shocks and market integration for countries contemplating a pegged currency is outlined in Feenstra and Taylor's 2015 publication "International Macroeconomics" through a … See more

• List of circulating fixed exchange rate currencies
• Exchange rate regime
• Floating exchange rate
• Linked exchange rate… See more