Quote:
Originally posted by Mmmm, Burger (C.J.)
You can say a currency is "pegged", but you have to back that up with something too, usually by convincing someone to buy your currency. If it's pegged, yet you run inflationary policies, holders of other currency aren't about to keep giving you a dollar for a yuan. The country's central bank just won't get any foreign currency, at which point you become known as Argentina.
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What does this have to do with whether said pegging results in an anti-free trade effect?
(Hey, fringey, wanna play "yuan and the dollar"?)
edited to clarify question
