European exchange rate mechanism (ERM)

 

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European exchange rate mechanism (ERM)

The system that countries in the European Union once used to pay exchange rates within bands around an ERM central value.



European exchange rate mechanism (ERM)

Similar Matches

Price specie flow mechanism

Price specie flow mechanism

Same as specie flow mechanism.


Dispute settlement mechanism

Dispute settlement mechanism

The procedure by which the WTO settles disputes among members, primarily by means of a three-person panel that hears the case and issues a report, subject to review by the Appellate Body.


Trade Policy Review Mechanism

Trade Policy Review Mechanism

The periodic review of the trade policies and practices of the member countries of the WTO, conducted and published by the WTO.


Specie flow mechanism

Specie flow mechanism

Under the gold standard, the mechanism by which international payments would adjust. A country with high inflation would export less, import more, and thus lose specie, i.e., gold. With the money supply fixed to the quantity of gold, the resulting monetary contraction would reduce prices. Due to David Hume.


Balance of payments adjustment mechanism

Balance of payments adjustment mechanism

Any process, especially any automatic one, by which a country with a payments imbalance moves toward balance of payments equilibrium. Under the gold standard, this was the specie flow mechanism.


Further Suggestions

Adjustment mechanism
Exchange Rate Mechanism (ERM)
Exchange Rate Mechanism
Price specie flow mechanism
Exchange Rate Mechanism


 
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