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Exchange Rate Mechanism |
Also found in: Financial, Acronyms, Encyclopedia, Wikipedia, Hutchinson | 0.01 sec. |
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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 n → meccanismo dei tassi di cambi How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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