GEMET

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finances > monetary relations > European Monetary System

Preferred term

European Monetary System  

Definition

  • An organization established in Europe in 1979 to coordinate financial policy and exchange rates for the continent by running the Exchange Rate Mechanism (ERM) and assisting movement toward a common European currency and a central European bank.

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URI

http://www.eionet.europa.eu/gemet/concept/13245

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