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