Bank vocabulary
Pegged E.r regime: Countries peg currency value to other of major currencies. P.e.r are popular in world’s smaller nations. Evidence that adopting p.e.r.regime moderates a country’s inflationary pressures. Post-Bretton Woods Era3 financial crisis 1 Currency crisis (when speculative attack on currency exchange value depreciates it sharply. 2 Banking crisis ( loss of confidence leads banks […]