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Exchange Rate Mechanism |
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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.Similar MatchesPrice specie flow mechanismPrice specie flow mechanismSame as specie flow mechanism. 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. Trade Policy Review MechanismTrade Policy Review MechanismThe periodic review of the trade policies and practices of the member countries of the WTO, conducted and published by the WTO. Balance of payments adjustment mechanismBalance of payments adjustment mechanismAny process, especially any automatic one, by which a country with a payments imbalance moves toward balance of payments equilibrium. Under the gold standard, this was the specie flow mechanism. Exchange Rate Mechanism (ERM)Exchange Rate Mechanism (ERM)The methodology by which members of the EMS maintain their currency EMS within an agreed-upon range with respect to other member countries. Further SuggestionsPrice specie flow mechanismSpecie flow mechanism Adjustment mechanism Dispute settlement mechanism |
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