European Exchange Rate Mechanism

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Definition: European Exchange Rate Mechanism


European Exchange Rate Mechanism


Full Definition of European Exchange Rate Mechanism


ERM. A system created in 1979 as a way to reduce the volatility of the various Eurpoean currencies and to create a stable monetary system. The ERM created fixed margins in which a country’s currency could operate. It was the predecessor of the European Economic and Monetary Union.


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Definition Sources


Definitions for European Exchange Rate Mechanism are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 17th November, 2021 | 0 Views.