About: European Monetary System     Goto   Sponge   NotDistinct   Permalink

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AttributesValues
type
preferred label
  • Ευρωπαϊκό Νομισματικό Σύστημα (el)
  • Euroopan valuuttajärjestelmä (fi)
  • European Monetary System (en)
  • Europees Monetair Stelsel (nl)
  • Europeiska monetära systemet (sv)
  • Europejski System Walutowy (pl)
  • Europäisches Währungssystem (de)
  • Európai Monetáris Rendszer (hu)
  • Európsky menový systém (sk)
  • Evropský měnový systém (cs)
  • Sistema Monetarja Ewropea (mt)
  • Sistema Monetário Europeu (pt)
  • sistema monetario europeo (es)
  • système monétaire européen (fr)
  • Det Europæiske Monetære System (da)
  • Eiropas Monetārā sistēma (lv)
  • Euroopa Rahasüsteem (et)
  • Europos pinigų sistema (lt)
  • Europski monetarni sustav (hr)
  • Sistemi Monetar Europian (sq)
  • evropski monetarni sistem (sl)
  • sistem monetar european (ro)
  • sistema monetario europeo (it)
  • Европски монетарен систем (mk)
  • европейска парична система (bg)
  • европски монетарни систем (sr)
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). (en)
is in scheme
notation
  • 4370
alternative label
  • Euroopa valuutasüsteem (et)
  • EMR (hu)
  • EMS (cs)
  • EMS (da)
  • EMS (en)
  • EMS (hr)
  • EMS (lv)
  • EMS (nl)
  • EMS (sk)
  • EMS (sv)
  • ERS (et)
  • EVJ (fi)
  • EWS (de)
  • European Monetary System (cs)
  • Evropská měnová unie (cs)
  • SME (es)
  • SME (fr)
  • SME (it)
  • SME (pt)
  • SME (sq)
  • Währungsschlange (de)
  • gjarpërushe monetare (sq)
  • monetaire slang (nl)
  • monetarna zmija (hr)
  • monetary snake (en)
  • serpent monétaire (fr)
  • serpente monetario (it)
  • serpente monetária (pt)
  • serpiente monetaria (es)
  • sistema di tassi di cambio europeo (it)
  • systém prepojenia mien (sk)
  • valiutų žaltys (lt)
  • valutaormen (sv)
  • valutaslange (da)
  • valuutamadu (et)
  • valuuttakäärme (fi)
  • ΕΝΣ (el)
  • νομισματικό φίδι (el)
  • ЕМС (mk)
  • европска монетарна зона (mk)
is top concept in scheme
history note
  • 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. (en)
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