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Investments glossary

Exchange Rate Mechanism (ERM) Definition

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Quotes of the day:

Business strategies can interestingly be assimilated with medicinal drugs. There are no better or worse strategies. There are only adequately adopted business strategies or inappropriately selected and implemented strategies.

— Abderrahman Hassi

An exchange rate mechanism (ERM) is a device used to manage a country’s currency exchange rate relative to other currencies. It is part of an economy’s monetary policy and is put to use by central banks.


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