Berkeley CSUA MOTD:Entry 52754
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2025/05/25 [General] UID:1000 Activity:popular
5/25    

2009/3/25-26 [Finance/Investment] UID:52754 Activity:nil
3/24    What exactly does it mean when X currency is "pegged" to Y currency?
        How does this magical monetary voodoo work?
        \_ I think it means the government of X actively trades currencies X
           and Y in order to maintain an almost constant exchange rate between
           X and Y.
           \- the peg is the commitment. what you describe above is
              "sterilization" [to offset in/out flows].
        \_ I think the way China does it was buying a lot of treasury note.
           I was told that if China is "manipulating" the currency, then,
           USA is the co-conspirator who allow China to buy these treasury
           note.   USA could of easily refuse to sell China treasury note
           and RMB is going to rise automatically.
           \_ but then who what suckers would buy the US treasury
              notes? There's a lot of debt the US needs to carry, and
              someone needs to buy it!
2025/05/25 [General] UID:1000 Activity:popular
5/25    

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