After all, in addition to the fundamental alternative of flexible exchange rates, there are also intermediate solutions such as basket pegs or even crawling pegs. Given global financial markets, international investors and the free movement of capital, exchange rates are nowadays - even more than before - “bridges” between the economies. These bridges may be fixed or movable.
What is crucial, however, is that they are strong and sustainable. Pegging to another currency must therefore be given very careful consideration, and the economic setting and internal adaptability must also be taken into consideration. VI In his novel “The Unbearable Lightness of Being”, Milan Kundera, the well-known Czech writer, also wrote about the burden of taking decisions.