Exchange Rate Mechanism

n 1. (Economics) the mechanism formerly used in the European Monetary System in which participating governments committed themselves to maintain the values of their currencies in relation to the ECU. Abbreviation: ERM 2. (Economics) Also: Exchange Rate Mechanism II the mechanism used to stabilize the currencies of European Union states that have not adopted the euro but wish to maintain the value of their currency in relation to it. Abbreviation: ERM II

Translations

Exchange Rate Mechanism

Exchange Rate Mechanism (ERM)

The methodology by which members of the EMS maintain their currency exchange rates within an agreed-upon range with respect to other member countries.

Exchange Rate Mechanism

Used prior to the adoption of the euro, a method for reconciling differing exchange rates between currencies, allowing participation in the single European currency. Established in 1979, it was known as a "semi-pegged" system in which currencies were variable with respect to each other only within a certain range. After the introduction of the euro in 1999, the exchange rate mechanism was replaced by ERM II, which reconciles exchange rates for countries wishing to join the eurozone.

exchange rate mechanism (ERM)

see EUROPEAN MONETARY SYSTEM.

单词	exchange rate mechanism
释义	Exchange Rate Mechanism Exchange Rate Mechanism n 1. (Economics) the mechanism formerly used in the European Monetary System in which participating governments committed themselves to maintain the values of their currencies in relation to the ECU. Abbreviation: ERM 2. (Economics) Also: Exchange Rate Mechanism II the mechanism used to stabilize the currencies of European Union states that have not adopted the euro but wish to maintain the value of their currency in relation to it. Abbreviation: ERM II Translations Exchange Rate Mechanism Exchange Rate Mechanism (ERM) The methodology by which members of the EMS maintain their currency exchange rates within an agreed-upon range with respect to other member countries. Exchange Rate Mechanism Used prior to the adoption of the euro, a method for reconciling differing exchange rates between currencies, allowing participation in the single European currency. Established in 1979, it was known as a "semi-pegged" system in which currencies were variable with respect to each other only within a certain range. After the introduction of the euro in 1999, the exchange rate mechanism was replaced by ERM II, which reconciles exchange rates for countries wishing to join the eurozone. exchange rate mechanism (ERM) see EUROPEAN MONETARY SYSTEM. AcronymsSeeERM
随便看	wampish wampo wampos wampp wampum wampumpeag wampus w-amr wamr wamri wamrl wamrs wams wamsb wamse wamsnet wamss wamt wamta wamtc wamti wamu wamug wamunc wamus