European Monetary System
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Finance > Monetary economics > Economic and Monetary Union
European Union > EU finance > EU financing > EU financial instrument
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European Union > EU finance > EU financing > EU financial instrument > EU loan
European Monetary System
Eurovoc reference
4370 European Monetary System
Related concepts
- Economic and Monetary Union
- European System of Central Banks
- Coordination of EMU policies
- Single monetary policy
- Single exchange-rate policy
- Timetable for EMU
- EU financial instrument
- Representative rate
- EU loan
More specific concepts
- Monetary Committee (EU)
- European Monetary Cooperation Fund
- EMS exchange-rate mechanism
- European Monetary Fund
Alternative Concepts
- EMS
- Monetary snake
History
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.
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: <a href=
Other Languages
- Spanish: Sistema monetario europeo
- French: Système monétaire européen
- German: Europäisches Währungssystem
- Italian: Sistema monetario europeo
- Portuguese: Sistema Monetário Europeu
- Polish: Europejski System Walutowy
Properties and Values of European Monetary System
- URI https://en.legalthesaurus.org/european-monetary-system/
- skos:Concept: https://en.legalthesaurus.org/european-monetary-system/
Preferred lexical labels
- skos:prefLabel: European Monetary System (en) (USE)
- Term in other languages: see above
Generic concepts
- skos:broader: See above (GT)
- skos:hasTopConcept: See above (Areas)
Specific concepts
- skos:narrower: See the specific concepts above (ST)
Related concepts
- skos:related: see the associative relationships above (RT)
- skos:related: related (other related concepts)
Alternative lexical labels
- skos:altLabel: see the alternative concepts above (UF)
- skos:altLabel: synonym (S)
- skos:altLabel: look up European Monetary System abbreviations and acronyms (A)
Documentation notes
- skos:scopeNote: this concept on European Monetary System defines the activities of European Monetary System (en)
- skos:editorialNote: Editorial Note on European Monetary System (EN)
- skos:notation: Notation on European Monetary System: see reference Eurovoc (N)
- skos:definition: European Monetary System definition:
- skos:example: example of European Monetary System usage:
Thematic indexing
- dct:subject: https://lawin.org/european-monetary-system/
- Definitions: See the meaning(s) of European Monetary System
- Search the digital platform (S)
Other general information
[rtbs name=”thesaurus-lawi”][rtbs name=”microthesauri”][rtbs name=”skos”][rtbs name=”thesaurus-eurovoc”]
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