# crawling peg

> English word · Noun

## Definitions
1. An exchange rate regime that allows depreciation or appreciation to happen gradually.

## Etymology
Coined by English economist John Williamson.

## Source
Compiled from Wiktionary via kaikki.org (CC BY-SA). Data vintage: 2026-05-06.
Canonical page: https://plainspell.com/en/word/crawling-peg