# Currency Peg A [currency](currency.md) peg is a policy in which an asset is set to a specific fixed exchange rate for its currency with a foreign currency or basket of currencies. ## References 1. Daniels, Joseph P., Peter G. Toumanoff, and Marc von der Ruhr. "Optimal currency basket pegs for developing and emerging economies." Journal of Economic Integration (2001): 128-145. 1. Roche, Cullen O. 2011. ‘Understanding the Modern Monetary System’. http://ssrn.com/paper=1905625. 1. Braun, Benjamin, and Daniela Gabor. 2019. ‘Central Banking, Shadow Banking, and Infrastructural Power’. https://doi.org/10.31235/osf.io/nf9ms.