European Payments Union


 

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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.



Similar Matches

European option

European option

Option that may be exercised only at the expiration date. Related: American option.


European Options Exchange (EOE)

European Options Exchange (EOE)

Now AEX-Optiebeurs. See: Amsterdam Exchanges (AEX).


European Central Bank (ECB)

European Central Bank (ECB)

Bank created to monitor the monetary policy of the 11 countries that have converted to the Euro from their local currencies. The 11 countries are: Austria, Belgium, Finland, France, Germany, Ireland, Italy, Luxembourg, the Netherlands, Portugal, and Spain.


European Communities

European Communities

The name adopted in 1967 by the European Economic Community when it merged with the ECSC and Euratom. This name and the acronym EC was used until 1992 when it was replaced by European Union.


European exchange rate mechanism (ERM)

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.


Further Suggestions

European terms
European Economic Community
European style option
European, Australia, and Far East index (EAFE index)
European Currency Unit
European Economic Area
European Recovery Program
Single European Act
European Community
European Association of Securities Dealers Automated Quotation (EASDAQ)
European style exercise
European Monetary Agreement
Central and Eastern European countries
New European Exchange (NEWEX)
European Monetary System
European Monetary System
European Monetary System (EMS)
European Association of Securities Dealers Automated Quotation
European Free Trade Association
European Exercise
European Currency Unit (ECU)
European Union (EU)
Single European Act


 
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