noun
EXAMPLES FROM CORPUS
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And in 1990, a Conservative Government joined the ERM .
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He fought to put the pound into the ERM two years ago, defeating ex-Premier Mrs Thatcher over the issue.
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If Britain is to return to the ERM - as it should - it will need flexibility under all three headings.
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In the ERM , currencies are not allowed to move outside their bands.
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Rates reached 9% in September 1992 following sterling's withdrawal from the ERM and have fallen further since then.
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The ERM could provide a stronger framework for the maintenance of a stable currency.
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The ERM is a high-unemployment club, with a slow growth rate.