Exchange Rate Mechanism
Exchange Rate MechanismA system that was operated by some central banks within the European Union, which intervened in exchange markets to limit the fluctuations of their currencies relative to one another, while letting all of them collectively float.
Exchange Rate MechanismThe mechanism by which members of the EC formerly operated their currency exchange rates within given upper and lower limits. In January 1999 certain members of the EC adopted the euro for their currency.
Adjustment mechanismAdjustment mechanism
The theoretical process by which a market changes in disequilibrium moving toward equilibrium if the process is stable. See Walrasian and Marshallian adjustment.
Trade Policy Review MechanismTrade 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.
Price specie flow mechanismPrice specie flow mechanism
Same as specie flow mechanism.
Specie flow mechanismSpecie 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.
Dispute settlement mechanismDispute 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.
Further SuggestionsExchange Rate Mechanism (ERM)
Price specie flow mechanism
Balance of payments adjustment mechanism
European exchange rate mechanism (ERM)