Below are examples of pegged exchange rate systems that existed in the past four

decades. Pick three on the list and research on the Internet on what these pegged

systems were about. Describe the origins and reasons for the peg, how the peg worked,

and how it affected the economy of the country or region involved.

Europes Snake Arrangement 1972 - 1979

European Monetary System (EMS) 1979 - 1992

Mexicos Pegged System 1994

Chinas Pegged Exchange Rate 1996 - 2005

Venezuelas Pegged Exchange Rate 2010