|
|
European Monetary System (EMS) |
|
|
|
 Home Site Map Add Term Search About Us Contributors |
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 Monetary System (EMS) Similar MatchesEuropean Monetary AgreementEuropean Monetary AgreementAn intergovernmental organization administered by the OECD that facilitated settlement of balance of payments accounts among its member states from 1958 to 1972. It replaced the EPU, and its functions were taken over by the IMF in 1972. European Association of Securities Dealers Automated QuotationEuropean Association of Securities Dealers Automated QuotationEASDAQ was set up in 1996 as a pan-European stock market for technology and growth stocks. It now has about 60 companies listed with an average market capitalisation of £350m.UK investors can buy shares in companies listed on EASDAQ through a registered European broker. They are listed on the EASDAQ website - http://www.easdaq.com. European Economic CommunityEuropean Economic CommunityThe original economic community set up in 1957 by the 6 founder members ( France, West Germany, Belgium, Luxembourg, Holland and Italy) and more commonly known as the Common Market. The Community is currently known as the European Community. European style optionEuropean style optionAn option which can only be exercised by the holder at expiry (unlike American style options which can be exercised at any time until expiry). European, Australia, and Far East index (EAFE index)European, Australia, and Far East index (EAFE index)Stock index, computed by Stock index. Further SuggestionsEuropean Central Bank (ECB)European Currency Unit Single European Act European Association of Securities Dealers Automated Quotation (EASDAQ) European Monetary System Single European Act European Payments Union European Exercise European Recovery Program European Monetary System European Community European Economic Area European Communities New European Exchange (NEWEX) European exchange rate mechanism (ERM) European Free Trade Association Central and Eastern European countries European Currency Unit (ECU) European Union (EU) European option European Options Exchange (EOE) European style exercise European terms |
|
|
|