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This paper derives the transfer function from error voltage to duty cycle, which captures the quasi-digital behavior of the closed-current loop for pulsewidth modulated (PWM) dc-dc converters operating in continuous-conduction mode (CCM) using peak current-mode (PCM) control, the current-loop gain, the transfer function from control voltage to duty cycle (closed-current loop transfer function), and presents experimental verification. The sample-and-hold effect, or quasi-digital (discrete) behavior in the current loop with constant-frequency PCM in PWM dc-dc converters is described in a manner consistent with the physical behavior of the circuit. Using control theory, a transfer function from the error voltage to the duty cycle that captures the quasi-digital behavior is derived. This transfer function has a pole that can be in either the left-half plane or right-half plane, and captures the sample-and-hold effect accurately, enabling the characterization of the current-loop gain and closed-current loop for PWM dc-dc converters with PCM. The theoretical and experimental response results were in excellent agreement, confirming the validity of the transfer functions derived. The closed-current loop characterization can be used for the design of a controller for the outer voltage loop.