European Currency Unit (ECU)

 

Home
Site Map
Add Term
Search
About Us
Contributors

European Currency Unit (ECU)

An index of foreign exchange consisting of European currencies, originally devised in 1979. See also: Euro.



European Currency Unit (ECU)

Similar Matches

European, Australia, and Far East index (EAFE index)

European, Australia, and Far East index (EAFE index)

Stock index, computed by Stock index.


European Monetary System (EMS)

European Monetary System (EMS)

A system adopted by European Community members with the aim of promoting stability by limiting exchange-rate fluctuations. The system was originated in 1979 by the nine members of the European Community (EC). The EMS comprised three principal elements: the European Currency Unit (ECU), the monetary unit used in EC transactions; the Exchange Rate Mechanism, ERM, whereby those member states taking part agreed to maintain currency fluctuations within certain agreed limits; and the European Monetary Cooperation Fund, which issues the ECU and oversees the ERM. The 1992 Maastricht Treaty provided for the move to Economic and Monetary Union (EMU) , including a European Monetary Institute to coordinate the economic and monetary policy of the EU, a European Central Bank (ECB) to govern these policies, and the presentation of a single European currency.


European Payments Union

European Payments Union

An international arrangement for settling payments among member countries in Europe during a period in which many of the countries' currencies were not convertible. The EPU functioned from 1950 to 1958, after which it was replaced by the EMA.


European Union (EU)

European Union (EU)

An economic association of European countries founded by the Treaty of Rome in 1957 as a common market for six nations. It was known as the European Community until January 1, 1994 and currently comprises 15 European countries. Its goals are a single market for goods and services without any economic barriers, and a common currency with one monetary authority.


Single European Act

Single European Act

Act intended to eliminate barriers on trade and capital flows between and among European countries.


Further Suggestions

Single European Act
European Currency Unit
European Exercise
European exchange rate mechanism (ERM)
New European Exchange (NEWEX)
Central and Eastern European countries
European terms
European Free Trade Association
European Central Bank (ECB)
European Monetary System
European Monetary Agreement
European Economic Community
European Options Exchange (EOE)
European Association of Securities Dealers Automated Quotation (EASDAQ)
European Monetary System
European Community
European Economic Area
European Recovery Program
European style option
European Association of Securities Dealers Automated Quotation
European Communities
European option
European style exercise


 
All rights Reserved. Do not copy without permission.