TERMIUM Plus®

The Government of Canada’s terminology and linguistic data bank.

EUROPEAN MONETARY SNAKE [1 record]

Record 1 2008-02-18

English

Subject field(s)
  • National and International Economics
DEF

System of exchange rate stabilisation adopted by certain countries in 1972 and which formed the basis of the European Monetary System. Currencies could oscillate within percentage limits around a central exchange rate. The graphic representation of the rate of exchange of one currency compared with another resembled a snake inside a tunnel.

OBS

currency snake: term and definition reproduced from the CAPITAL Business Dictionary with the permission of LID Editorial Empresarial.

Key term(s)
  • monetary snake

French

Domaine(s)
  • Économie nationale et internationale
DEF

Système de stabilisation des taux de change adopté par certains pays en 1972 et qui fut la base pour le Système monétaire européen. Les devises pouvaient fluctuer entre deux limites extrêmes, autour d'un taux pivot.

OBS

serpent monétaire : terme et définition extraits du CAPITAL Business Dictionary et reproduits avec l'autorisation de LID Editorial Empresarial.

Spanish

Campo(s) temático(s)
  • Economía nacional e internacional
DEF

Sistema de estabilización de los tipos de cambio que adoptaron ciertos países en 1972 y que fue la base para el Sistema Monetario Europeo. Las divisas podían oscilar dentro de unos límites porcentuales alrededor de un cambio central. La representación gráfica de los tipos de cambio de una moneda respecto a otra recordaba a una serpiente dentro de un túnel.

OBS

serpiente de divisas; serpiente monetaria: términos y definición extraídos del CAPITAL Business Dictionary con la autorización de LID Editorial Empresarial.

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