ERM

Proper noun

EU abbreviation alt-of initialism

(EU, finance) Initialism of European Exchange Rate Mechanism.

Japanese Meaning

欧州為替相場メカニズム

After the crisis, several economists debated whether the ERM had prevented wider currency instability.

危機の後、数人の経済学者は欧州為替相場メカニズムがより広範な通貨不安を防いだかどうかを議論した。

Sense（1）

(EU, finance) Initialism of European Exchange Rate Mechanism.

The ERM was an arrangement that pegged most European currencies’ exchange-rate movements within limited bands.