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حسابداری و مالی::
مکانیزم نرخ ارز
The European exchange rate mechanism crisis
During the European exchange rate mechanism (ERM) crises of 1992-93, the UK, Italy and
for other countries in the ERM.
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تاریخ::
سازوکار نرخ ارز
rey Howe, who believed that sterling should enter the European Exchange Rate Mechanism (ERM), established in the late 1970s.
Under the ERM member currencies were pegged against each other but adjustable when it became evident that there was serious deviation between o?
The ERM was therefore seen by many advocates of European integration as a crucial stage on the road to full-blown political and economic union.
This did not apply to Lawson, who favoured membership of the ERM on pragmatic rather than idealist grounds because he believed it would help to lock in the gains to competitiveness and counter-in?
ce, on the other hand, joining the ERM was seen as a way of maximizing British in?
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