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Meaning of "Exchange Rate Mechanism" in the English dictionary

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PRONUNCIATION OF EXCHANGE RATE MECHANISM

Exchange Rate Mechanism play
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GRAMMATICAL CATEGORY OF EXCHANGE RATE MECHANISM

noun
adjective
verb
adverb
pronoun
preposition
conjunction
determiner
exclamation
Exchange Rate Mechanism is a noun.
A noun is a type of word the meaning of which determines reality. Nouns provide the names for all things: people, objects, sensations, feelings, etc.

WHAT DOES EXCHANGE RATE MECHANISM MEAN IN ENGLISH?

European Exchange Rate Mechanism

The European Exchange Rate Mechanism was a system introduced by the European Community in March 1979, as part of the European Monetary System, to reduce exchange rate variability and achieve monetary stability in Europe, in preparation for Economic and Monetary Union and the introduction of a single currency, the euro, which took place on 1 January 1999. After the adoption of the euro, policy changed to linking currencies of countries outside the eurozone to the euro. The goal was to improve stability of those currencies, as well as to gain an evaluation mechanism for potential eurozone members. This mechanism is known as ERM II and has superseded ERM. Currently there are just two countries in the ERM II, the Danish krone and the Lithuanian litas.

Definition of Exchange Rate Mechanism in the English dictionary

The definition of Exchange Rate Mechanism in the dictionary is the mechanism formerly used in the European Monetary System in which participating governments committed themselves to maintain the values of their currencies in relation to the ECU ERM. Other definition of Exchange Rate Mechanism is Also: Exchange Rate Mechanism II. the mechanism used to stabilize the currencies of European Union states that have not adopted the euro but wish to maintain the value of their currency in relation to it ERM II.

WORDS THAT BEGIN LIKE EXCHANGE RATE MECHANISM

Exchange Rate Mechanism II

WORDS THAT END LIKE EXCHANGE RATE MECHANISM

Anglicanism
coping mechanism
defence mechanism
equestrianism
hedonism
hooliganism
humanism
humanitarianism
mechanism
microorganism
New Urbanism
organism
paganism
Pan-Africanism
safety mechanism
Satanism
shamanism
totalitarianism
urbanism
veganism
vegetarianism

Synonyms and antonyms of Exchange Rate Mechanism in the English dictionary of synonyms

SYNONYMS

Translation of «Exchange Rate Mechanism» into 25 languages

TRANSLATOR
online translator

TRANSLATION OF EXCHANGE RATE MECHANISM

Find out the translation of Exchange Rate Mechanism to 25 languages with our English multilingual translator.
The translations of Exchange Rate Mechanism from English to other languages presented in this section have been obtained through automatic statistical translation; where the essential translation unit is the word «Exchange Rate Mechanism» in English.

Translator English - Chinese

汇率机制
1,325 millions of speakers

Translator English - Spanish

Mecanismo de Tipo de Cambio
570 millions of speakers

English

Exchange Rate Mechanism
510 millions of speakers

Translator English - Hindi

विनिमय दर तंत्र
380 millions of speakers
ar

Translator English - Arabic

آلية سعر الصرف
280 millions of speakers

Translator English - Russian

Валютный курс Механизм
278 millions of speakers

Translator English - Portuguese

Mecanismo de Taxa de Câmbio
270 millions of speakers

Translator English - Bengali

বিনিময় হার প্রক্রিয়া
260 millions of speakers

Translator English - French

Mécanisme de change
220 millions of speakers

Translator English - Malay

Mekanisme Kadar Pertukaran
190 millions of speakers

Translator English - German

Wechselkursmechanismus
180 millions of speakers

Translator English - Japanese

為替相場メカニズム
130 millions of speakers

Translator English - Korean

환율 메커니즘
85 millions of speakers

Translator English - Javanese

Mekanisme Exchange Rate
85 millions of speakers
vi

Translator English - Vietnamese

Cơ chế tỷ giá
80 millions of speakers

Translator English - Tamil

பரிவர்த்தனை விகிதம் இயந்திரம்
75 millions of speakers

Translator English - Marathi

विनिमय दर यंत्रणा
75 millions of speakers

Translator English - Turkish

Döviz Kuru Mekanizması
70 millions of speakers

Translator English - Italian

Meccanismo di cambio
65 millions of speakers

Translator English - Polish

Exchange Rate Mechanism
50 millions of speakers

Translator English - Ukrainian

Валютний курс Механізм
40 millions of speakers

Translator English - Romanian

Mecanismul Ratelor de Schimb
30 millions of speakers
el

Translator English - Greek

Μηχανισμός Συναλλαγματικών Ισοτιμιών
15 millions of speakers
af

Translator English - Afrikaans

Wisselkoers meganisme
14 millions of speakers
sv

Translator English - Swedish

Växelkursmekanismen
10 millions of speakers
no

Translator English - Norwegian

Exchange Rate Mechanism
5 millions of speakers

Trends of use of Exchange Rate Mechanism

TRENDS

TENDENCIES OF USE OF THE TERM «EXCHANGE RATE MECHANISM»

The term «Exchange Rate Mechanism» is quite widely used and occupies the 23.988 position in our list of most widely used terms in the English dictionary.
0
100%
FREQUENCY
Quite widely used
89
/100
The map shown above gives the frequency of use of the term «Exchange Rate Mechanism» in the different countries.
Principal search tendencies and common uses of Exchange Rate Mechanism
List of principal searches undertaken by users to access our English online dictionary and most widely used expressions with the word «Exchange Rate Mechanism».

FREQUENCY OF USE OF THE TERM «EXCHANGE RATE MECHANISM» OVER TIME

The graph expresses the annual evolution of the frequency of use of the word «Exchange Rate Mechanism» during the past 500 years. Its implementation is based on analysing how often the term «Exchange Rate Mechanism» appears in digitalised printed sources in English between the year 1500 and the present day.

Examples of use in the English literature, quotes and news about Exchange Rate Mechanism

EXAMPLES

10 ENGLISH BOOKS RELATING TO «EXCHANGE RATE MECHANISM»

Discover the use of Exchange Rate Mechanism in the following bibliographical selection. Books relating to Exchange Rate Mechanism and brief extracts from same to provide context of its use in English literature.
1
The British Conservative Government and the European ...
Helen Thompson. threefold: first, and most importantly in the short term, to facilitate trade by creating a zone of monetary stability in the EC; second, to coordinate the monetary and exchange rate policies of member states towards the rest of ...
Helen Thompson, 1996
2
Exchange Rate Arrangements and Currency Convertibility: ...
In the industrial countries, over one half of the members, including countries participating in the exchange rate mechanism (ERM) of the European Monetary System (EMS), maintained pegged exchange rates until the early 1990s.
R. B. Johnston, Mark Swinburne, 1999
3
Europe — Toward the Next Enlargement: Toward the Next ...
The report adopted in Florence also made it clear that an exchange-rate mechanism can help to ensure that Member States orient their policies to stability foster convergence among the Member States not participating in the single currency, ...
P. Coffey, 2000
4
Euro Adoption in Central and Eastern Europe: Opportunities ...
The other is the exchange rate mechanism, 'The exchange rate mechanism underlying the EMS was based on bilateral parities among the participating countries, with bilateral "normal" fluctuation margins of 2.25 percent around the central ...
Susan Schadler, 2005
5
Economic Policy, Exchange Rates, and the International System
Finally, he looks at the future of the international monetary system and the series of current reform proposals. Students will find this book useful because the author covers essential issues lucidly and authoritatively.
Warner Max Corden, 1994
6
International Financial Management
In the fall of 1992, however, the exchange rate mechanism experienced severe problems, as economic conditions and goals began to vary among European countries. The German government was mostly concerned about inflation because ...
Jeff Madura, 2007
7
Financial Markets and European Monetary Cooperation: The ...
The Lessons of the 1992-93 Exchange Rate Mechanism Crisis Willem H. Buiter, Giancarlo Corsetti, Paolo A. Pesenti. European consensus on limiting exchange rate flexibility. Next, we review the logical and empirical weaknesses of a fixed ...
Willem H. Buiter, Giancarlo Corsetti, Paolo A. Pesenti, 2001
8
Handbook of International Economics
More than a technical curiosum, the possibility of multiple equilibria has been invoked as an explanation for some of the speculative attacks that occurred during the collapse of the narrow bands of the European Exchange Rate Mechanism.
Ronald Winthrop Jones, Gene M. Grossman, Peter B. Kenen, 1995
9
Europe's Monetary Future
Third, if one or more member countries did not participate in the Exchange Rate Mechanism, the free float of those currencies would influence the value of the Ecu basket, and it was unlikely that the remaining participants would agree to peg to ...
Stefan Collignon, 1994
10
Monetary Policy Strategy
In the sixth section, we discuss the future prospects of inflation targeting in transition economies in connection with the planned adoption of the euro, focusing on inflation targeting within the fluctuation band of exchange rate mechanism 2 ...
Frederic S. Mishkin, 2007

10 NEWS ITEMS WHICH INCLUDE THE TERM «EXCHANGE RATE MECHANISM»

Find out what the national and international press are talking about and how the term Exchange Rate Mechanism is used in the context of the following news items.
1
Eurozone under pressure over Greek debt drama
Sending the message that the eurozone is not "forever" runs the risk of reducing it to little more than an exchange rate mechanism. And the next ... «BBC News, Jul 15»
2
Implications of a Greek exit over the longer-term? - BBH
A Greek exit effectively turns the monetary union into a more rigid form of the European Exchange Rate Mechanism, as Martin Wolf of the ... «FXStreet, Jul 15»
3
Personal Account: Ignore yourself — invest
... I am talking about how a bruising collision with economic reality ended Britain's two-year flirtation with the exchange rate mechanism. «The Sunday Times, Jul 15»
4
Greek voters will support the creditors – and Syriza will fall
... as merely some sort of exchange rate mechanism. Europe has been tarnished, another step on the road to the continent's absolute decline. «City A.M., Jul 15»
5
Old Money: Tossing a drachma — referendums and repudiation
In 1994, in the shadow of the Exchange Rate Mechanism crisis of 1992-93 (when the UK crashed out on "Black Wednesday"), Swedes and ... «GlobalCapital, Jul 15»
6
National column: Time, money run out on Greece
... the French quitting the European "snake''" in 1974 and 1976, or the United Kingdom tumbling out of the exchange rate mechanism in 1992, ... «The Coloradoan, Jul 15»
7
Echoes of Greece in Britain's growing reliance on debt-fuelled growth
The debacle of the European Exchange Rate Mechanism so poisoned the British political psyche against Europe that there was, from then on, ... «Yahoo Finance UK, Jun 15»
8
Greece Declares Bank Holiday, Capital Controls Imposed
In 1979, Europe's Exchange Rate Mechanism (ERM) was introduced. It's part of the European Monetary System (EMS). It was intended to ... «The People's Voice, Jun 15»
9
Existential threat to euro from Greek exit
... such as the late and not-much-lamented European Exchange Rate Mechanism. And the thing about currency pegs is that they rarely endure. «BBC News, Jun 15»
10
Grexit: The bell is tolling for Greece – but it's tolling for Europe now too
The euro will forever cease to be a currency whose membership is beyond doubt; instead it is morphing into an exchange rate mechanism, ... «City A.M., Jun 15»

REFERENCE
« EDUCALINGO. Exchange Rate Mechanism [online]. Available <https://educalingo.com/en/dic-en/exchange-rate-mechanism>. Apr 2024 ».
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