Freytag, Andreas (contributor) - 2002 - [Elektronische Ressource]
rate within horizontal bands, crawling peg, crawling band, managed floating and
independent floating. Kuttner and Posen … horizontal band 0.75
3. Crawling peg/crawling band
a
0.50
4. Managed floating 0.25
5. Free floating 0.00
Convertibility conv 1 … also be plausible to treat crawling peg as a lower degree of
commitment than floating. However, we remain with this order …