# European Monetary System (EMS)

- Canonical URL: https://www.gerhardmerk.de/european-monetary-system-ems
- Post ID: 594753
- Modified: 2023-07-25T21:01:42+00:00
- Language: en

## Definition

international monetary association which entered into force in March 1979. The EMS focuses on - the fixing of central rates and - the range of exchange rate fluctuations of the individual currencies. - Following the introduction of the EUR on January 1, 1999, the EMS (often called "EMS-2") now governs the exchange rate arrangements between the EUR and the currencies of most of those countries that are members of the EU but not of the Eurosystem. - See investment shifts, exchange rate determined, currency queue, exchange rate mechanism II. - Cf. the current values in the annex "Euro area statistics," heading "Exchange rates" in the respective ECB Monthly Bulletin. Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent! University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec. Professor Dr. Eckehard Krah, Dipl.rer.pol. E-mail address: info@ekrah.com https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk https://www.jung-stilling-gesellschaft.de/merk/ https://www.gerhardmerk.de/

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