Definición de Exchange Rate Mechanism en inglés:

Exchange Rate Mechanism

Saltos de línea: Ex|change Rate Mech|an¦ism
(abbreviation: ERM)
  • An arrangement within the European Monetary System that allows the value of participating currencies to fluctuate to a defined degree in relation to each other so as to control exchange rates. Each currency is given a rate of exchange with the euro, from which it is allowed to fluctuate by no more than a specified amount; if it moves beyond this the government in question must alter its economic policies or reset the currency’s rate with the euro.

Más definiciones de Exchange Rate Mechanism 

Definición de Exchange Rate Mechanism en: 

Obtener más de Oxford Dictionaries

Subscribirse para eliminar anuncios y acceder a los recursos premium

Palabra del día coloratura
Pronunciación: ˌkɒlərəˈtjʊərə
elaborate ornamentation of a vocal melody