| 单词 | exchange rate mechanism |
| 释义 | exchange rate mechanism noun[S] (alsoExchange Rate Mechanism)ukus(abbreviationERM)GOVERNMENT,ECONOMICS thesystemin which agroupofEuropeancountriesagreedtocontrolthevalueoftheircurrenciesso thatexchangeratesbetween thecountriesdid notchangebeyondparticularlimits. Thissystemexistedbefore theeurostartedto be used as acurrency: Marketpressuredrovethepoundout of Europe'sexchangeratemechanism. Examplesofexchange rate mechanismexchange rate mechanism By cutting subsidies and government debt, and reforming theexchangeratemechanism, inflation dripped from 660% in 1966 to 19% in 1969. From Wikipedia  This example is from Wikipedia and may be reused under a CC BY-SA license.The dualexchangeratemechanismformally abolished in the 1999 budget remains in place in actuality. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license.The government has, however, spent much of its foreign exchange reserves to intervene in theexchangeratemechanism. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license.By cutting subsidies, decreasing government debt, and reforming theexchangeratemechanism, inflation was lowered from 660% in 1966 to 19% in 1969. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license.I wanted government policy to ensure that sterling maintained confidence in the market without support conscripted under anexchangeratemechanism. From theCambridge English Corpus We were part of theexchangeratemechanism. FromEuroparl Parallel Corpus - English I do not support the establishment of anexchangeratemechanismfor the common currency in the present situation. FromEuroparl Parallel Corpus - English My country has suggested entering theexchangeratemechanismin 2012, which is actually the phase prior to entering the euro area. FromEuroparl Parallel Corpus - English Mercifully we crashed out ofexchangeratemechanism, interest rates came down and we had a happy time during the 1990s. FromEuroparl Parallel Corpus - English We should also reduce theexchangeratemechanismperiod to one year for other non-euro zone countries. FromEuroparl Parallel Corpus - English These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors. |
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