European Monetary Cooperation Fund

E123263

The European Monetary Cooperation Fund was a pre-euro financial institution of the European Community that supported monetary cooperation and exchange rate stability among member states.

All labels observed (1)

Label Occurrences
European Monetary Cooperation Fund canonical 1

How this entity was disambiguated

Statements (40)

Predicate Object
instanceOf European Community financial institution
monetary cooperation mechanism
appliesToJurisdiction European Economic Community
surface form: European Community

European Economic Community
country European Economic Community
surface form: European Communities
dissolved 1994
follows Committee of Governors of the Central Banks of the Member States of the EEC
surface form: Basel agreements on monetary cooperation among EEC central banks
foundedBy Member States of the European Union
surface form: Member States of the European Economic Community
hasEffect reduced exchange rate volatility among participating European currencies
strengthened policy coordination among European central banks
hasMainGoal coordinate the use of the European Currency Unit
manage medium-term financial assistance between member states
manage short-term monetary support between central banks of member states
prepare for closer economic and monetary integration in Europe
promote exchange rate stability within the European Community
support monetary cooperation among member states of the European Community
hasRole administer the European Currency Unit
facilitate interventions in foreign exchange markets
provide short-term balance-of-payments support
support the exchange rate mechanism of the European Monetary System
headquartersLocation Luxembourg
inception 1973
1974
legalForm institution of the European Communities
locatedInTime pre-euro period
operatedBy central banks of the member states of the European Community
operationalLanguage English
French
German
partOf European Monetary System
European monetary integration process
purpose stabilize intra-European exchange rates
support the transition toward Economic and Monetary Union in Europe
replacedBy European Central Bank
European Monetary Institute
sector financial stability
monetary policy
significantEvent creation of the European Currency Unit basket
integration into the European Monetary Institute in 1994
uses European Currency Unit

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Referenced by (1)

Full triples — surface form annotated when it differs from this entity's canonical label.

European Monetary System hasPart European Monetary Cooperation Fund