European Exchange Rate Mechanism
GPTKB entity
Statements (30)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
exchange rate system
|
| gptkbp:abbreviation |
gptkb:ERM
|
| gptkbp:currencyBasket |
gptkb:European_Currency_Unit
|
| gptkbp:established |
1979
|
| gptkbp:establishedBy |
gptkb:European_Economic_Community
|
| gptkbp:function |
limit fluctuations between European currencies
prepare for Economic and Monetary Union |
| https://www.w3.org/2000/01/rdf-schema#label |
European Exchange Rate Mechanism
|
| gptkbp:memberState |
gptkb:Belgium
gptkb:Denmark gptkb:France gptkb:Germany gptkb:Ireland gptkb:Italy gptkb:Luxembourg gptkb:Netherlands gptkb:United_Kingdom |
| gptkbp:notableEvent |
gptkb:Black_Wednesday
16 September 1992 |
| gptkbp:predecessor |
gptkb:European_Exchange_Rate_Mechanism_II
|
| gptkbp:purpose |
achieve monetary stability in Europe
reduce exchange rate variability |
| gptkbp:relatedTo |
gptkb:European_Monetary_System
gptkb:euro |
| gptkbp:replacedBy |
gptkb:European_Exchange_Rate_Mechanism_II
1999 |
| gptkbp:status |
replaced
|
| gptkbp:UKExitDate |
1992
|
| gptkbp:bfsParent |
gptkb:Eurozone
|
| gptkbp:bfsLayer |
5
|