Exchange Rate Mechanism - définition. Qu'est-ce que Exchange Rate Mechanism
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Qu'est-ce (qui) est Exchange Rate Mechanism - définition

EUROPEAN SYSTEM TO REDUCE EXCHANGE RATE VARIABILITY PRIOR TO THE EURO
Exchange Rate Mechanism; ERMII; ERM II; Exchange Rate Mechanism II; European Rate Mechanism; Exchange rate mechanism; ERM 2; ERM2

European Exchange Rate Mechanism         
The European Exchange Rate Mechanism (ERM) II is a system introduced by the European Economic Community on 1 January 1999 alongside the introduction of a single currency, the euro (replacing ERM 1 and the euro's predecessor, the ECU) as part of the European Monetary System (EMS), to reduce exchange rate variability and achieve monetary stability in Europe.
Exchange Rate Mechanism         
The ERM is a program through which member countries of the European Economic Community agree to maintain parity in exchange rates among their currencies. Limits are set on the amounts by which exchange rates may vary between any two currencies. If an exchange rate reaches the limit, the central banks of the two countries intervene in the market to ensure that the limit is not exceeded. The ERM was established in 1979 with agreement by Belgium, France, West Germany, Luxembourg, the Netherlands, and Denmark to limit fluctuation in the bilateral exchange rates between their currencies to n2.25%. Italy, which was also a member, did not limit fluctuation to n25% until 1990. Spain joined in 1989, the UK in 1990, and Portugal in 1992, each agreeing to a wider band of 6% fluctuation in the bilateral exchange rates in the value of their currencies against other ERM members. Disruptions in September 1992 led to the withdrawal of Italy and the UK and to some parity realignments. The ERM has since resumed, with provisions allowing currency fluctuations of 15 percent.
Exchange rate         
  • USD]] exchange rate
RATE AT WHICH ONE CURRENCY WILL BE EXCHANGED FOR ANOTHER
Exchange rates; Currency exchange rate; Foreign exchange rate; Exchange Rate; Unit currency; Currency exchanges; USD exchange-rate; Currency conversion; Currency Trading; Rate of exchange; Currency converter; Real exchange rate; Nominal exchange rate; USD-exchange rate; Exchange-rate; Declining dollar; Conversion (exchange); Dollar in yen; FX rate; Market exchange rate; Currency trader; Forex rate; Parallel exchange rate
In finance, an exchange rate is the rate at which one currency will be exchanged for another currency. Currencies are most commonly national currencies, but may be sub-national as in the case of Hong Kong or supra-national as in the case of the euro.

Wikipédia

European Exchange Rate Mechanism

The European Exchange Rate Mechanism (ERM II) is a system introduced by the European Economic Community on 1 January 1999 alongside the introduction of a single currency, the euro (replacing ERM 1 and the euro's predecessor, the ECU) as part of the European Monetary System (EMS), to reduce exchange rate variability and achieve monetary stability in Europe.

After the adoption of the euro, policy changed to linking currencies of EU countries outside the eurozone to the euro (having the common currency as a central point). The goal was to improve the stability of those currencies, as well as to gain an evaluation mechanism for potential eurozone members. As of January 2023, two currencies participate in ERM II: the Danish krone and the Bulgarian lev.

Exemples du corpus de texte pour Exchange Rate Mechanism
1. "The Single European Act and the exchange rate mechanism.
2. We need to fine–tune our economic policies as well as the exchange rate mechanism.»
3. And Mr Brown himself strongly backed Britains membership of the exchange rate mechanism.
4. The deflationary pressure was intensified by membership of the exchange rate mechanism, which Clarke –as a pro–European – strongly supported.
5. Likewise, the floating exchange rate mechanism is the fundamental element in terms of targeted inflation, Yýlmaz explained.