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PREFERRED TERM
4370

Type: http://publications.europa.eu/resource/authority/label-type/STANDARDLABEL

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European Monetary System  
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). Source: Eurostat. Available at: http://ec.europa.eu/eurostat/statistics-explained/index.php/Glossary:European_Monetary_System_(EMS). (Access: 3 September 2015).
ENTRY TERMS
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    EMS
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    monetary snake
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.
VERSION
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IN OTHER LANGUAGES

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Sistemi Monetar Europian

Albanian

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SME

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gjarpërushe monetare

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европейска парична система

Bulgarian

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Europski monetarni sustav

Croatian

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EMS

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monetarna zmija

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Evropský měnový systém

Czech

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European Monetary System

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Evropská měnová unie

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EMS

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Det Europæiske Monetære System

Danish

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valutaslange

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EMS

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Europees Monetair Stelsel

Dutch

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EMS

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monetaire slang

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Euroopa Rahasüsteem

Estonian

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Euroopa valuutasüsteem

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valuutamadu

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ERS

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Euroopan valuuttajärjestelmä

Finnish

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EVJ

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valuuttakäärme

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système monétaire européen

French

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SME

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serpent monétaire

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Europäisches Währungssystem

German

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EWS

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Währungsschlange

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Ευρωπαϊκό Νομισματικό Σύστημα

Greek

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νομισματικό φίδι

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ΕΝΣ

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Európai Monetáris Rendszer

Hungarian

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EMR

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sistema monetario europeo

Italian

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sistema di tassi di cambio europeo

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SME

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serpente monetario

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Eiropas Monetārā sistēma

Latvian

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EMS

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Europos pinigų sistema

Lithuanian

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valiutų žaltys

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Европски монетарен систем

Macedonian

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европска монетарна зона

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ЕМС

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Sistema Monetarja Ewropea

Maltese

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Europejski System Walutowy

Polish

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Sistema Monetário Europeu

Portuguese

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serpente monetária

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SME

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sistem monetar european

Romanian

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европски монетарни систем

Serbian

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Európsky menový systém

Slovak

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systém prepojenia mien

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EMS

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evropski monetarni sistem

Slovenian

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sistema monetario europeo

Spanish

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SME

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serpiente monetaria

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Europeiska monetära systemet

Swedish

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EMS

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valutaormen
URI
http://eurovoc.europa.eu/4370
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