ERM

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ERM

Exchange Rate Mechanism

Used prior to the adoption of the euro, a method for reconciling differing exchange rates between currencies, allowing participation in the single European currency. Established in 1979, it was known as a "semi-pegged" system in which currencies were variable with respect to each other only within a certain range. After the introduction of the euro in 1999, the exchange rate mechanism was replaced by ERM II, which reconciles exchange rates for countries wishing to join the eurozone.
References in periodicals archive ?
2), ETV4 (17q21), and ETV5 (3q27) as very highly expressed in a subset of prostate cancers on the basis of a large set of microarray data.
Characterization of TMPRSS2: ETV5 and SLC45A3:ETV5 gene fusions in prostate cancer.