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European Payments Union |
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European Payments UnionAn 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 MatchesEuropean optionEuropean optionOption 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 CommunitiesEuropean CommunitiesThe 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 SuggestionsEuropean termsEuropean 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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