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A temporary institution that existed from January 1994 to June 1998 during the years leading up to the European Central Bank and the introduction of the euro. It's purpose was to facilitate cooperation and coordination among the central banks of the EU and to pave the way for the shift to the euro.
Industry:Economy
A currency union formed by some of the members of the EEC in 1979 that continued, with changing membership, until replaced by the EMU and the euro in 1999.
Industry:Economy
A group that meets annually for conferences on the economics of international trade.
Industry:Economy
1. To engage in trade, either within a country or internationally. 2. Foreign exchange.
Industry:Economy
1. The market on which national currencies are exchanged for one another. 2. The actual exchange market, which exists primarily among large international banks. Others who wish to exchange currencies do it through these banks. 3. The theoretical representation of the exchange market as either the interaction of supply and demand arising from exchange-market transactions or as an asset market equilibrium between currencies.
Industry:Economy
A system that was operated by some central banks within the European Union, which intervened in exchange markets to limit the fluctuations of their currencies relative to one another, while letting all of them collectively float.
Industry:Economy
A government institution sometimes used to handle exchange market intervention, charged with the explicit function of smoothing exchange rate fluctuations.
Industry:Economy
A subsidy paid on production or sale (consumption) of a particular good.
Industry:Economy
