What are the risks of pegged currency?
I'm concerned about the potential risks involved with a pegged currency system. Could someone explain the dangers or downsides of having a currency pegged to another, more stable currency or commodity?
Does China have a pegged currency?
I'm wondering if China has a pegged currency system, where the value of its currency is fixed to another currency or asset, or if it's freely floating in the market.
How to maintain a pegged currency?
I'm wondering about the best practices for maintaining a pegged currency. I need to understand the strategies and measures involved in keeping the value of a currency fixed to another currency or asset.