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ERM
(redirected from Exchange Rate Mechanism)

   Also found in: Dictionary/thesaurus, Financial, Acronyms, Wikipedia 0.01 sec.
ERM
(1) (Enterprise Relationship Management) An umbrella term with many shades of meaning over the years. It may refer to the management of information from any or all of an organization's customers, suppliers, business partners and employees. See CRM, ERP, sales force automation and supply chain management.

(2) (Enterprise Report Management) The management of voluminous reports in a large organization. Part of enterprise content management (ECM), ERM deals with the distribution of reports on optical media and hard drives. ERM was a name change from "Computer Output to LaserDisc" (see COLD). See ECM.
ERM - Electronic Report Management


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Clarke is no stranger to financial crises: he became chancellor in 1993 after so-called Black Wednesday, when the British currency was forced out of the European Exchange Rate Mechanism.
Just as the pound's tumble after Britain left the European exchange rate mechanism in 1992 led to a surge in exports, the weaker pound should help firms exporting to the US and continental Europe.
In fact, some had moved away from the German mark peg following the European Exchange Rate Mechanism (ERM) crisis in 1992-93 and allowed limited or full flexibility to their exchange rates before adopting a common currency.
 
 
 
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