Third, now that the Exchange Rate Mechanism
is relevant over the whole period, some of the formerly significant country dummies, such as those for Germany and France, become insignificant, suggesting that their influence was partly due to the effects of the Exchange Rate Mechanism
The launch of the RMB spot and foreign exchange derivatives market will help provide more transparency and efficiency to the foreign exchange market in China and help build an exchange rate mechanism
for the Chinese currency.
The cabinet also removed an explicit reference In the analysis to avoid setting an entry date now and not to join the pre-euro ERM-2 exchange rate mechanism
The pound is now heading towards parity with the euro as its strength plunges, bringing back painful memories of the currency's troubles when it made its ungainly exit from the exchange rate mechanism
BRITAIN faced economic turmoil on this day in 1992 when the Conservative government suspended Britain's membership of the European Exchange Rate Mechanism
The pound was last equal to US$2 in 1992, the year the UK was forced to leave the European Exchange Rate Mechanism
He reminded MPs that the top Tory was working as an adviser to then-Chancellor Norman Lamont on the day Britain crashed out of the Exchange Rate Mechanism
09 yuan per dollar, belying Chinese assertions that the new exchange rate mechanism
would reflect market conditions.
The People's Bank of China has made reviewing its fixed exchange rate mechanism
for the yuan a priority for 2004, sources at the Chinese central bank said late Wednesday, indicating the bank may allow the yuan to trade more flexibly on the currency market.
If the accession countries are tied into even the exchange rate mechanism
, much less the monetary union, that will be felt in higher inflation rates in those countries as they catch up to the rest of Europe.
1979 - The European Monetary System (EMS) is created, with the exchange rate mechanism
(ERM) defining rates in relation to the European Currency Unit (ECU).
The poll results were released by organisers of the campaign against the euro on the 10th anniversary of Black Wednesday, when Britain crashed out of the Exchange Rate Mechanism