Argentina broke its supposedly irrevocable currency peg to the dollar a few months later.
China's peg to the dollar has long provided an important anchor for the region.
For this reason, we believe that the peg to a basket of currencies will remain in place.
China's monetary policy must also be guided by the need to maintain the yuan's peg to the dollar.
These major currencies would peg to one another and would coordinate a Greenspan-esque inflation-fighting approach to monetary policy.
Some suggest the Swiss ought to announce a peg to the euro or engineer a negative nominal interest rate.
Currently, effectively, weaker nations have a peg to the euro (think of that as the deutschmark, if you like).
The market, though, plainly expects the peg to stay for a while yet.
At the time, private investors were selling in the belief that Hong Kong would have to abandon its currency peg to the dollar.
The obvious step to take would be for China to break the peg to the dollar, which would effectively begin another chapter in monetary history.
At the time, private investors were bailing out, in the belief that Hong Kong would have to abandon its currency peg to the American dollar.
It too is moving more of its production to Malaysia, which it says is cheaper because of the ringgit's low currency peg to the U.S. dollar.
China needs to loosen its peg to the U.S. dollar, Koester says. or risk losing out on some business to lower-cost producers in other emerging markets.
Years of following IMF policies and a hard peg to the dollar caused the meltdown, as Argentina saw its currency devalue 400% and its economy plunge.
So all I really needed was to if the company could achieve a growth rate of at least 30% (that would have brought my time-of-purchase PEG to 2.00).
Speculative hedge funds - "crocodiles, " Tsang calls them - had attacked the Hong Kong dollar's peg to the U.S. greenback several times since the start of the Asian Financial Crisis.
Meader gave the example of the recent move by the Swiss National Bank to keep a peg to the euro after the Swiss franc rose sharply as investors sought a safe haven.
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The London Interbank Offered Rate, or LIBOR, is a measure of credit availability because a lot of lenders use it as a peg to set their interest rates, and it rose yesterday.
Indeed, the territory's financial secretary, Antony Leung, gave warning that the Hong Kong dollar's longstanding peg to the American dollar might come under strain if the SARS outbreak is not resolved soon.
It has sometimes been claimed that the Long Telegram was not news to most people in Washington, that it merely gave the Truman Administration an intellectual peg to hang its hat on.
Latvia says it has met the five requirements needed to gain entry into the eurozone, which relate to levels of debt, deficit, inflation, long-term interest rates and having a stable peg to the euro.
Switching the peg to a basket of currencies that included, say, the euro and yen as well would give the Gulf states a bit more protection against oil-price swings, but it is hardly a perfect fit.
The interim president said he would not devalue the national currency, the peso, nor end its peg to the US dollar - seen by financial analysts as alternative ways to deal with Argentina's enormous economic problems.
Already Italy is being compared to Argentina, where a currency peg to the dollar made exports uncompetitive, sparking a recession and, ultimately, a fiscal crisis that forced the country to ditch the peg and devalue the peso.
In retrospect, the actions of the SNB are partially responsible for the continued rise of the yen, as investors and speculators were unable to pour into the Swiss currency- safe haven, seeking appreciation due to the effective peg to the euro.
According to Bowker's Books in Print database, which tracks print and e-books published and distributed in the United States, 164 such works have been written so far - they either directly address the event or use it as a peg to hang greater literary concerns about love, life and loss.
The same is true of China, which has a currency peg to the dollar and is thus fully exposed to the rising oil price, and has also, like many other developing countries, become much more reliant on oil in recent years as their economies have moved from agriculture to heavy manufacturing.
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The Central Bank of Iraq recently broadened the range of tactics it uses to mop up excess liquidity in the system and maintain the dinar's de facto peg to the dollar, which, given the primitive state of Iraq's financial system, is the best mechanism the bank has to keep prices stable.
The same is true of China, which has a currency peg to the dollar and is thus fully exposed to the rising oil price, and has also, like many other developing countries, become much more reliant on oil in recent years as its economy has moved from agriculture to heavy manufacturing.
But Shuler, a devout Christian who abstains from alcohol and caffeine, was quick to distance himself from liberals when the GOP tried to peg him to Pelosi during the campaign.
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