the pegged exchange rate

More and more countries had exited from the pegged exchange rate regimes and adopted more flexible exchange rate regimes.

很多国家不断退出盯住汇率制度，实行更加灵活的汇率制度。

The findings show that under the perfect the capital mobility, the pegged exchange rate regimes are the sources of the currency crisis.

研究发现，在国际资本高度流动的情况下，这些国家实行的盯住汇率制度是导致货币危机的根源。

The action of China's interest rate policy shows that the independence of interest rate policy is won by the effectiveness losses under the pegged exchange rate.

中国利率政策的行为表明，钉住汇率下的独立性是以利率政策的有效性损失为代价。