A fixed exchange-rate system (also known as pegged exchange rate system) is a currency system in which governments try to maintain their currency value constant against one another. In a fixed exchange-rate system, a country’s government decides the worth of its currency in terms of either a fixed weight of gold, a fixed amount of another currency or a basket of other currencies. The central bank of a country remains committed at all times to buy and sell its currency at a fixed price. The central bank provides foreign currency needed to finance payments imbalances.
Read more about Fixed Exchange-rate System: History, Mechanism, Hybrid Exchange Rate Systems, Advantages, Disadvantages, See Also
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... Exchange rate regime Floating exchange rate Gold standard Bretton Woods system Nixon Shock Smithsonian Agreement Foreign exchange fixing ...
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“Short of a wholesale reform of college athletics—a complete breakdown of the whole system that is now focused on money and power—the women’s programs are just as doomed as the men’s are to move further and further away from the academic mission of their colleges.... We have to decide if that’s the kind of success for women’s sports that we want.”
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