Exchange Rate Mechanism (ERM)
method for protection of a stable exchange rate, part of a monetary organization of the EEC that began working in 1999
European Exchange Rate Mechanism
Exchange Rate Mechanism (E.R.M.)
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 (ERM)
The exchange rate and intervention mechanism of the European Monetary System defined the exchange rate of participating currencies in terms of central rates against the ECU. These central rates were used to establish a table of bilateral central rates between participating currencies. Exchange rates were allowed to fluctuate within a band around the bilateral central rates. The central rates could be adjusted, subject to mutual agreement between all countries participating in the ERM. The ERM ceased to exist with the start of Stage Three of Economic and Monetary Union (EMU) when ERM II was established.
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European Central Bank, Frankfurt am Main, Germany. This information may be obtained free of charge through the
ECB's website.
Exchange rate Mechanism
Exchange rate Mechanism
(Econ) Cơ chế tỷ giá hối đoái.+ Cơ chế tỷ giá hối đoái (ERM) là một hệ thống mà theo đó các thành viên của HỆ THỐNG TIỀN TỆ CHÂU ÂU (ENS) buộc phải duy trì tỷ giá hối đoái của họ trong những mức nhất định.
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