Exchange rate mechanism (ERM)
Exchange rate mechanism (ERM)
Glossary of business
Definition of exchange rate mechanism (erm)
The ERM was an adjustable peg system which involved EU countries maintaining the value of their currencies around a central rate within limited margins but the currencies still floated against non member currencies. The ERM was the forerunner to the implementation of the Euro as a single currency for the Eurozone.
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Terminology about business
Job world
Definition and meaning of exchange rate mechanism (erm)
Meaning of exchange rate mechanism (erm)
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