<p>How the system operated changed over time. </p>

<p><a href="https://www.bankofengland.co.uk/-/media/boe/files/quarterly-bulletin/1991/the-exchange-rate-mechanism-of-the-european-monetary-system-a-review-of-the-literature" rel="nofollow noreferrer">This Bank of England paper does a review of the literature.</a> Rather than give an inaccurate summary, I will let you look through it.</p>

CC BY-SA 4.0
2019-04-17T21:47:55.580Z
2019-04-17T21:47:55.580Z
Brian Romanchuk
<p>The Exchange Rate Mechanism was introduced by the European Economic Community in 1979. </p>

<p>It fixes the Exchange rates between currencies to a specific margin.</p>

<p>But how does it do this?</p>

<exchange>
How did the Exchange Rate Mechanism work?
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# How did the Exchange Rate Mechanism work?

(Asked by: username_0 on 2019-04-17)

The Exchange Rate Mechanism was introduced by the European Economic Community in 1979.

It fixes the Exchange rates between currencies to a specific margin.

But how does it do this?

**Tags:** exchange

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## 1 answers

### Answer by username_1 on 2019-04-17. Score: 1

How the system operated changed over time.

[This Bank of England paper does a review of the literature.](https://www.bankofengland.co.uk/-/media/boe/files/quarterly-bulletin/1991/the-exchange-rate-mechanism-of-the-european-monetary-system-a-review-of-the-literature) Rather than give an inaccurate summary, I will let you look through it.


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