European Monetary System: Difference between revisions
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(EMS). | (EMS). | ||
The predecessor in the European Union of Economic and Monetary Union (EMU), which led in turn to the establishment of the euro. | The predecessor in the European Union of Economic and Monetary Union (EMU), which led in turn to the establishment of the euro. | ||
The EMS was designed to create an area of currency stability throughout the European Community by encouraging its member states to co-ordinate their monetary policies. | The EMS was designed to create an area of currency stability throughout the European Community by encouraging its member states to co-ordinate their monetary policies. | ||
The EMS used the Exchange Rate Mechanism (ERM) with the aim of stabilising exchange rates and thereby facilitating trade between member states. | The EMS used the Exchange Rate Mechanism (ERM) with the aim of stabilising exchange rates and thereby facilitating trade between member states. | ||
== See also == | == See also == | ||
* [[euro]] | |||
* [[European currency unit]] | * [[European currency unit]] | ||
* [[European Economic and Monetary Union]] | * [[European Economic and Monetary Union]] | ||
* [[European Union]] | |||
* [[Exchange Rate Mechanism]] | * [[Exchange Rate Mechanism]] | ||
* [[Monetary policy]] | |||
* [[Parity grid]] | * [[Parity grid]] | ||
[[Category:Accounting,_tax_and_regulation]] | |||
[[Category:The_business_context]] | |||
Latest revision as of 23:16, 28 January 2022
(EMS).
The predecessor in the European Union of Economic and Monetary Union (EMU), which led in turn to the establishment of the euro.
The EMS was designed to create an area of currency stability throughout the European Community by encouraging its member states to co-ordinate their monetary policies.
The EMS used the Exchange Rate Mechanism (ERM) with the aim of stabilising exchange rates and thereby facilitating trade between member states.
