Viewing a response to: @clayop/re-samupaha-sbd-is-broken-why-not-just-remove-it-20170528t070601210z
Yes, pegging currencies represent costs. A good example for this in the fx world- is the Swiss National Bank's move to remove the EUR/CHF floor of 1,2 in Jan. 2015, which they have supported before in order to support their economy & exports. They gave it up eventually as the costs were running to high and the pressure on the Euro was to powerful as the ECB was highly accommodative in their policy.
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