1. In March # a forwardlooking crawling peg regime was introduced with a gradually decreasing rate of devaluation

2. In March # a forward looking crawling peg regime was introduced with a gradually decreasing rate of devaluation

3. The National Bank of Hungary has continued to operate the crawling peg exchange rate regime established in 1995.

4. In March 1995 a forward looking crawling peg regime was introduced with a gradually decreasing rate of devaluation.

5. A Crawling peg is a band of rates that a fixed-rate exchange rate currency is allowed to fluctuate

6. David Laidler argued that a fixed exchange rate virtually defines a monetary policy regime, as does a crawling peg.

7. Since the abandonment of the crawling peg regime in 2000, Poland has been operating an inflation targeting regime combined with a floating exchange rate.

8. For example, while a fully floating currency would create a beneficial combination of discipline and flexibility, it might best be delayed in favor of an adjustable (“crawling”) peg to some anchor currencies.