European Monetary System

European Currency Unit (ECU)
A former currency medium and unit of account created in 1979 to serve as the reserve asset and accounting unit of the European Monetary System (EMS).
European Monetary System (EMS)
The European Monetary System (EMS) was an arrangement designed to stabilize exchange rates and synchronize economic policy-making among European Community member states. It aimed to lay the groundwork for future economic and monetary union within Europe.
European Monetary System (EMS)
The European Monetary System (EMS) was a framework established to stabilize exchange rates, curb inflation, and prepare for Economic Monetary Union within the European Union.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.