European Monetary System definition

European Monetary System means the European Monetary System established by the Resolution of December 5, 1978 of the Council of the European Communities.

European Monetary System means the European Monetary System established ------------------------ by the Resolution of December 5, 1978 of the Council of the European Communities.

European Monetary System means the European Monetary System established by the Council of the European Community.

Examples of European Monetary System in a sentence

• It will also explain the reasons for the creation of the European Monetary System and its successor, the European Monetary Union, and review the political process that led to the creation of the ECB.

• The exchange rate criterion lays out that a Member State has to respect the normal fluctuation margins provided for by the exchange-rate mecha- nism of the European Monetary System without severe tensions for at least two years.

• Since the collapse of the European Monetary System in 1992, it has stayed out of 15 Handwritten note, November 8, 1973, BoE C43/463; “Tripartite Agreement,” November 1, 1973, BoE C43/463.

• This result implied that the impact of the EC's economic instruments, “such as VAT [Value Added Tax] financing of revenues, regulation of agricultural prices through the common agricultural policy (CAP), and especially the European Monetary System (EMS)” affected prices and consequently the economic cost-benefit analysis of individuals.9 More recent studies have focused on individuals' perceptions of the impact of the EU on national economic conditions and how this influences their opinions about the EU.

• The corresponding appreciation of the mark gave Germany an incentive to revive the Snake once again.In summer 1978, Germany’s Chancellor Helmut Schmidt and France’s President Valery Giscard d’Estaing agreed to link their currencies within a European Monetary System (EMS).26 Their motivations foreshadowed those that would later lead to the EMU.

More Definitions of European Monetary System

European Monetary System means the European Monetary System established by the Resolution of December 5, 1978 of the Council of the European Communities. "EXCHANGE RATE AGENT", when used with respect to Securities of or within any series, means, unless otherwise specified with respect to any Securities pursuant to Section 3.1, a New York Clearing House bank designated pursuant to Section 3.1 or Section 3.13 (which may include any such bank acting as Trustee hereunder).

European Monetary System means the European Monetary System established by the European Union.

European Monetary System means the European Monetary System

European Monetary System means the European Monetary System established by the Resolution of December 5, 1978 of the Council of the European Communities. "EXCHANGE RATE AGENT", when used with respect to Securities of or within any series, means, unless otherwise specified with respect to any Securities pursuant to Section 3.1, a New York Clearing House bank designated pursuant to Section 3.1 or Section 3.12.

European Monetary System means the European Monetary System established by the Resolution of December 5, 1978 of the Council of the European Community. "European Union" means the European Community, the European Coal and Steel Community and the European Atomic Energy Community. "Event of Default" has the meaning specified in Section 501. "Exchange Act" means the Securities Exchange Act of 1934, as amended.

European Monetary System means those member states of the European Union from time to time that have adopted the Euro and participate in European economic and monetary union.

European Monetary System means the European Monetary System established by the Resolution of December 5, 1978 of the Council of the European Communities. "Exchange Rate Certificate" means a certificate, signed by the Foreign Currency Agent, setting forth (i) the applicable Market Exchange Rate or the applicable bid quotation and (ii) the Dollar amount of principal (and premium, if any) and interest, if any (on an aggregate basis and on the basis of a Security having the lowest denomination principal amount in the relevant currency or currency unit), that would be payable with respect to a Security of the applicable series on the basis of such Market Exchange Rate or the applicable bid quotation.