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 classic literature ?
O plead with gentle words for us, And whisper tenderly Of generous love to that cold heart, And it will answer ye; And though you fade in a dreary home, Yet loving hearts will tell Of the joy and peace that you have given: Flowers, dear flowers, farewell
The roses on the leads hung blooming in at the open window; there stood the little children's chairs, and Kay and Gerda sat down on them, holding each other by the hand; they both had forgotten the cold empty splendor of the Snow Queen, as though it had been a dream.
But this needed some apology--with a feeble attempt at a laugh, I said, 'My hands are so benumbed with the cold that I can scarcely handle my knife and fork.
Maimie could also see the pompous doctor feeling the Duke's heart and hear him give utterance to his parrot cry, and she was particularly sorry for the Cupids, who stood in their fools' caps in obscure places and, every time they heard that "Cold, quite cold," bowed their disgraced little heads.
If the snow goes on I shall lose my oxen," he said to himself; "they can never bear this cold.
It was time for a big cold snap, and he gambled on it, cutting down the weight of grub for dogs and men.
So this kind lady went to the door, intending to invite the little runaway into her comfortable parlor; for, now that the sunshine was withdrawn, the atmosphere, out of doors, was already growing very cold.
He asked for supper, and began telling her about the races; but in his tone, in his eyes, which became more and more cold, she saw that he did not forgive her for her victory, that the feeling of obstinacy with which she had been struggling had asserted itself again in him.
She got so cold that we made her hide her head under the buffalo robe.
We find him next, or rather get back to him, standing forlorn in the cold autumn rain at a suburban street corner in Blackburg; and it seems right to explain now that the raindrops falling upon him there were really not dark and gummy; they only failed to make his face and hands less so.
Woodhouse should dine out, on the 24th of December) had been spent by Harriet at Hartfield, and she had gone home so much indisposed with a cold, that, but for her own earnest wish of being nursed by Mrs.
But melons are not very nutritious, and when we had satisfied our thirst with their pulpy substance, and put a stock to cool by the simple process of cutting them in two and setting them end on in the hot sun to grow cold by evaporation, we began to feel exceedingly hungry.