nouna method of stabilising exchange rates within the European Monetary System, where currencies could only move up or down within a narrow band (usually 2.25 per cent either way, but for certain currencies widened to 6 per cent) without involving a realignment of all the currencies in the system.AbbreviationERM
Related information about exchange rate mechanism:
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The European Exchange Rate Mechanism (ERM) was a system introduced by the European Community in March 1979, as part of the European Monetary ...
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An exchange rate mechanism is based on the concept of fixed currency exchange rate margins. However, there is variability of the currency exchange rates ...
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Apr 30, 2001 ... The ERM was one of the building blocks of the single currency, but it fell apart in 1992.
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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 - The Free Dictionary
(Economics) the mechanism formerly used in the European Monetary System in which participating governments committed themselves to maintain the values ...
- What is ERM II? - European Commission
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