EMS

( European Monetary System)

A system adopted by European Community members with the aim of promoting stability by limiting exchange-rate fluctuations. The system was originated in 1979 by the nine members of the European Community ( EC). The EMS comprised three principal elements: the European Currency Unit ( ECU), the monetary unit used in EC transactions; the Exchange Rate Mechanism, ERM , whereby those member states taking part agreed to maintain currency fluctuations within certain agreed limits; and the European Monetary Cooperation Fund, which issues the ECU and oversees the ERM. The 1992 Maastricht Treaty provided for the move to Economic and Monetary Union ( EMU), including a European Monetary Institute to coordinate the economic and monetary policy of the EU, a European Central Bank ( ECB) to govern these policies, and the presentation of a single European currency. Bloomberg Financial Dictionary

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EMS EMS

abbreviation for enhanced messaging service; European Monetary System

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   European Monetary System.

   A system that links the member states of the European Union.

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EMS UK US noun

► [S] (also the EMS) ECONOMICS, FINANCE, GOVERNMENT ABBREVIATION for European Monetary System: the arrangement before the euro was created which was used by European countries to control exchange rates between their different currencies

→ See also EXCHANGE RATE MECHANISM(Cf. ↑exchange rate mechanism)

► [U] COMMUNICATIONS ABBREVIATION for ENHANCED MESSAGING SERVICE(Cf. ↑enhanced messaging service)

► [C] ENVIRONMENT ABBREVIATION for ENVIRONMENTAL MANAGEMENT SYSTEM(Cf. ↑environmental management system)