Darvas, Zsolt M. (contributor); … - 2008
practiced included currency boards, fixed pegs to a basket,
crawling pegs, managed float and free float. Currently, three … convergence takes place via higher inflation and as the real
convergence proceeds, this influence diminishes. However, if the peg … peg itself has an (indirect) effect on price level increases and inflation, since the
parameter of domestic demand is …