A system that was operated by some central banks within the European Union, which intervened in exchange markets to limit the fluctuations of their currencies relative to one another, while letting all of them collectively float.
Europe's system to stabilize currency values by linking the value of all EC member currencies to the German Mark. The permitted fluctuation from the Mark was widened in August 1993 to give EC members more freedom to adjust economic policies in an attempt to end the European recession.
( ERM), or the currency grid, is a system that limits currency fluctuations to a range of 15 percent in either direction. Finance By Example (Archives): Italian Lira Re-Admitted into European Union
Pre-cursor to the European Union's single currency by which participating governments committed themselves to maintain the value of their currencies in relation to the European currency unit.
A system that establishes nearly fixed exchange rates among Euro currencies while letting them all float freely relative to the rest of the world.
An adjustable peg system which involved EU countries maintaining the value of their currencies within limited margins but being allowed to float their currencies against non member currencies. The ERM was the forerunner to the implementation of the Euro.
A system of fixed exchange rates between the currencies of some members of the European Monetary System.
(ERM) An underlying element of the European Monetary System which enables EU countries to keep currencies within a fixed percentage of each other, prior to the introduction of the Single Currency
That part of the EMS that relates to pegging the rates against each other within predetermined limits.
The methodology by which members of the EMS maintain their currency exchange rates within an agreed upon range with respect to other member countries.
Pre-cursor to the European Union's single currency by which participating governments committedthemselves to maintain the value of their currencies in relation to theEuropean currency unit, taking action to correct any divergence fromagreed limits.
