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European Monetary System

(Encyclopedia)European Monetary System, arrangement by which most nations of the European Union (EU) linked their currencies to prevent large fluctuations relative to one another. It was organized in 1979 to stabil...

international monetary system

(Encyclopedia)international monetary system, rules and procedures by which different national currencies are exchanged for each other in world trade. Such a system is necessary to define a common standard of value ...

European Monetary Agreement

(Encyclopedia)European Monetary Agreement (EMA), international governmental facility (1958–72) for the settlement of balance of payments accounts between member states. The EMA, which was administered by the Orga...

monetary agreement

(Encyclopedia)monetary agreement, attempt by two (bilateral) or more (multilateral) nations to regulate and coordinate their financial relations by treaty. The objectives are usually to promote trade by facilitatin...

European Currency Unit

(Encyclopedia)European Currency Unit: see European Monetary System. ...

European Central Bank

(Encyclopedia)European Central Bank: see under European Monetary System. ...

International Monetary Fund

(Encyclopedia)International Monetary Fund (IMF), specialized agency of the United Nations, established in 1945. It was planned at the Bretton Woods Conference (1944), and its headquarters are in Washington, D.C. Th...

European Payments Union

(Encyclopedia)European Payments Union: see European Monetary Agreement. ...

European Union

(Encyclopedia)European Union (EU), name given since the ratification (Nov., 1993) of the Treaty of European Union, or Maastricht Treaty, to the European Community (EC), an economic and political confederation of Eu...

euro

(Encyclopedia)euro: see European Monetary System. ...