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单词 european monetary system
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European monetary system
European monetary system n. a monetary system prevailing in the whole or a part of Europe; spec. (in form European Monetary System) a monetary system based on the Exchange Rate Mechanism, agreed on by the European Community in 1978 and inaugurated in 1979, intended to coordinate and stabilize the exchange rates of the currencies of member states in preparation for monetary union (abbreviated EMS); (since 2001) the monetary system of those countries that have adopted the single European currency.
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1892 Times 3 Nov. 10/3 They should endeavour to return to that system of bimetallism which existed previously to 1873, as the present depression in every kind of industry throughout the world appeared to date from the change in the European monetary system which began at that date.
1933 N.Y. Times 1 Dec. 18/1 The apprehension had been dispelled that a Western Goth was determined to upset the European monetary system.
1968 K. N. Chaudhuri in Econ. Hist. Rev. 21 480 In the mid-seventeenth century the European monetary system was such as to make its dependence on a metallic currency for domestic use almost overwhelming.
1978 Washington Post 8 July c7/5 West German Chancellor Helmut Schmidt..said the new European Monetary System (EMS) would have a positive effect on the dollar.
2001 Independent on Sunday (Electronic ed.) 10 June From 28 February 2002, when the euro becomes the official currency of those states belonging to the European Monetary System, any francs or pesetas you have will eventually become worthless.
extracted from Europeanadj.n.
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