ERM

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Definitions

Exchange Rate Mechanism ERM European Economic and Monetary Union Currency Stability Euro Exchange Rates Monetary Policy European Central Bank

The Exchange Rate Mechanism (ERM) is a system introduced by the European Economic Community to reduce exchange rate variability and achieve monetary stability in Europe ahead of the introduction of a single currency, the Euro.

Definitions

Exchange Rate Mechanism (ERM)

Exchange Rate Mechanism ERM European Economic and Monetary Union Currency Stability Exchange Rate Variability Single Currency Euro Monetary Stability

The Exchange Rate Mechanism (ERM) is a system introduced by the European Economic Community in March 1979 to reduce exchange rate variability and achieve monetary stability in Europe in preparation for Economic and Monetary Union and the introduction of a single currency, the euro.