Eurobonds
A bond placed in countries other that the one in whose currency the bond is denominated.
Eurocurrency
Any currency banked outside of its country of origin.
European Monetary System (EMS )
EU system designed to create a zone of monetary stability in Europe , control inflation, and coordinate exchange rate policies of EU countries.
European Union (EU)
An economic group of 15 European nations: Austria , Belgium , Great Britain , Denmark , Finland , France , Germany , Greece , the Netherlands , Ireland , Italy , Luxembourg , Portugal , Spain and Sweden
Exchange rate
The rate at which one currency is converted into another.