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European terms |
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European termsA foreign exchange quotation that states the foreign currency price of one US dollar.European terms Similar MatchesEuropean Monetary SystemEuropean Monetary SystemThe monetary system of the EC which attempts to reduce the currency variations between members. The EMS became operational on March 13th, 1979, as the successor to the 'snake in a tunnel'. Its aim was to create a zone of monetary stability in Europe. Its general principles were outlined at the Bremen Summit in July 1978, and the system was presented in detail at the Brussels Summit in December. The EMS consists of three mechanisms: the ERM; accounting and transaction mechanisms related to the ECU; and credit mechanisms to enable central banksą intervention in the currency markets. All the European Community countries belong to the EMS, although not all of them participate in the ERM. 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). Single European ActSingle European ActTreaty, signed in Luxembourg and The Hague and entering into force 1 July 1987, completing the Single Market. See Europe 1992. Central and Eastern European countriesCentral and Eastern European countriesRefers, informally, usually to the former Communist countries of Europe. European Association of Securities Dealers Automated Quotation (EASDAQ)European Association of Securities Dealers Automated Quotation (EASDAQ)European equivalent of Nasdaq. Further SuggestionsSingle European ActEuropean Payments Union European Monetary System (EMS) European Community European, Australia, and Far East index (EAFE index) European Communities European Monetary Agreement European Monetary System European exchange rate mechanism (ERM) European Recovery Program European Union (EU) European option New European Exchange (NEWEX) European Association of Securities Dealers Automated Quotation European Free Trade Association European Currency Unit European style exercise European Currency Unit (ECU) European Economic Community European Options Exchange (EOE) European Exercise European Economic Area European Central Bank (ECB) |
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