European Monetary System - EMS
The European Monetary System originated in an attempt to stabilize inflation and stop large exchange-rate fluctuations between European countries. Then, in June 1998, the European Central Bank was established and, in January 1999, a unified currency, the euro, was born and came to be used by most EU member countries.
Investment dictionary. Academic. 2012.
Look at other dictionaries:
European Monetary Fund — noun The managing body of the former European Monetary System (abbrev EMF) • • • Main Entry: ↑European … Useful english dictionary
European Monetary Institute — EMI An organization set up by the Maastricht Treaty in 1991 in order to coodinate the economic and monetary policy of members of the European Union until the achievement of European Monetary Union (EMU; see European Monetary System). It was… … Big dictionary of business and management
monetary system — 1) The system used by a country to provide the economy with money for internal use and to control the exchange of its own currency with those of foreign countries. It also includes the system used by a country for implementing its monetary policy … Big dictionary of business and management
European Monetary Cooperation Fund — EMCOF A fund organized by the European Monetary System in which members of the European Union deposited reserves to provide a pool of resources to stabilize exchange rates and to finance balance of payments support. In return for depositing 20%… … Big dictionary of business and management
monetary system — ➔ system * * * monetary system UK US noun [C] ► ECONOMICS the system of money used by a country or countries: European/global/international, etc. monetary system »If we had no debts in our global monetary system, no money could exist … Financial and business terms
Monetary system — A monetary system is anything that is accepted as a standard of value and measure of wealth in a particular region. However, the current trend is to use international trade and investment to alter the policy and legislation of individual… … Wikipedia
European Monetary Institute — The European Monetary Institute (EMI) was the forerunner of the European Central Bank (ECB). It encouraged cooperation between the national banks of the member states of the EU.Created 1st January 1994, it was the key monetary institution of the… … Wikipedia
Ripple monetary system — Ripple is an open source software project for developing and implementing a protocol for an open decentralized payment network. In its extreme form, the Ripple network could be a peer to peer distributed social network service with a monetary… … Wikipedia
European System of Central Banks — European Union This article is part of the series: Politics and government of the European Union … Wikipedia
European Commissioner for Economic and Monetary Affairs and the Euro — Incumbent Olli Rehn since 9 February 2010 … Wikipedia
system — sys‧tem [ˈsɪstm] noun [countable] an arrangement or organization of ideas, methods, or ways of working: • Deregulation has created worries about the stability of the country s financial system. • All staff will benefit from a well run… … Financial and business terms