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!"
But he sat quite still, benumbed and cold. Then little Gerda shed burning tears; and they fell on his bosom, they penetrated to his heart, they thawed the lumps of ice, and consumed the splinters of the looking-glass; he looked at her, and she sang the hymn:
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.'
Queen Mab, who rules in the Gardens, had been confident that her girls would bewitch him, but alas, his heart, the doctor said, remained cold. This rather irritating doctor, who was his private physician, felt the Duke's heart immediately after any lady was presented, and then always shook his bald head and murmured, "Cold, quite cold!" Naturally Queen Mab felt disgraced, and first she tried the effect of ordering the court into tears for nine minutes, and then she blamed the Cupids and decreed that they should wear fools' caps until they thawed the Duke's frozen heart.
"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.
It sounded so wintry cold, that the mother was about to tap on the window-pane with her thimbled finger, to summon the two children in, when they both cried out to her with one voice.
He soon learnt that she could not stand heat, and that her brother could not endure cold. The King was so charmed by the Snow-daughter, that he asked her to be his wife.
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.
Some years later Blackburg had a fall of crimson snow; it is cold in Blackburg when winter is on, and the snows are frequent and deep.
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.