| ID | |
| Preferred Name |
European Monetary System |
| Definitions |
The European Monetary System, abbreviated as EMS, was an exchange rate regime set up in 1979 (and which ended in 1999) to foster closer monetary policy co-operation between the central banks of the Member States of the European Economic Community (EEC). The objective of the EMS was to promote monetary stability in Europe. The European Monetary System was built on the concept of stable but adjustable exchange rates defined according to the newly created European currency unit (ECU) – a currency basket based on a weighted average of EMS currencies. Within the EMS, currency fluctuations were controlled through the Exchange Rate Mechanism (ERM). |
| In Schemes | |
| Type |
http://www.w3.org/2004/02/skos/core#Concept |
| narrower | |
| notation | 4370 |
| historyNote | Replaced by ERM II (exchange rate mechanism II) at the start of Stage Three of economic and monetary union (EMU) on 1 January 1999 when the single currency was launched. |
| definition | The European Monetary System, abbreviated as EMS, was an exchange rate regime set up in 1979 (and which ended in 1999) to foster closer monetary policy co-operation between the central banks of the Member States of the European Economic Community (EEC). The objective of the EMS was to promote monetary stability in Europe. The European Monetary System was built on the concept of stable but adjustable exchange rates defined according to the newly created European currency unit (ECU) – a currency basket based on a weighted average of EMS currencies. Within the EMS, currency fluctuations were controlled through the Exchange Rate Mechanism (ERM). |
| prefLabel | evropski monetarni sistem Evropský měnový systém Europees Monetair Stelsel Eiropas Monetārā sistēma Európsky menový systém European Monetary System sistema monetario europeo европейска парична система Sistema Monetário Europeu Ευρωπαϊκό Νομισματικό Σύστημα Sistema Monetarja Ewropea Európai Monetáris Rendszer Europejski System Walutowy Euroopa Rahasüsteem Europos pinigų sistema Sistemi Monetar Europian Europeiska monetära systemet европски монетарни систем Europäisches Währungssystem sistema monetario europeo système monétaire européen Europski monetarni sustav sistem monetar european Европски монетарен систем An Córas Eorpach Airgeadaíochta Euroopan valuuttajärjestelmä Det Europæiske Monetære System |
| related | |
| topConceptOf |
| Delete | Subject | Subject Sort | Archive Sort | Author | Type | Created | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| No notes to display | ||||||||||||