EMS

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EMS

Em

A unit of length used in printing. An em is one-sixth of an inch. It is also called a pica.

European Monetary System

A system established in 1979 whereby most member states of the European Economic Community linked their currencies to each other in anticipation of monetary integration. The first stage of the EMS was the European currency unit, then the ERM I, and, finally, the introduction of the euro and the ERM II. The European Monetary System also called for greater extension of credit between European countries. Among the methods the EMS used included the relative synchronization of national interest rates.

EMS

see EUROPEAN MONETARY SYSTEM.
References in periodicals archive ?
dreadful dullness of Bad Ems, the German spa where his wife recuperated from one of her innumerable illnesses.
The company is still in its original location of Bad Ems, a health resort with a long tradition, idyllically situated on the River Lahn between Frankfurt and Cologne.
Contract notice: delivery of a tank fire truck tlf 3000 for the ffw bad ems