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In shock: Nordic currencies

Article Abstract:

Members of Europe's exchange-rate mechanism (ERM) which keeps currencies in line in preparation for the single European market are alarmed by events in Sweden and Finland. The currencies there struggled to stay within ERM boundaries, then were cut loose and collapsed.

Publisher: Economist Newspaper Ltd.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1992

Prices and rates, Scandinavia, Foreign exchange rates, Markka (Finland)

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Currencies on the verge of a nervous breakdown

Article Abstract:

There are worries as to whether Germany's high-inflation currency can provide stability for the European exchange-rate mechanism (ERM). Germany's D-mark has dominated the ERM since its creation in 1979. Germany currently has an inflation rate of 4.8%.

Publisher: Economist Newspaper Ltd.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1992

Europe, Inflation (Finance), Inflation (Economics)

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Subjects list: Economic aspects, Foreign exchange

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