European Monetary System

The hot money always contacts closely with financial risk, such as the European monetary system crisis in 1992, the Mexican financial crisis in 1994 and the currency crisis in 1997, which rolled up the Southeast Asia.

国际游资总是与金融动荡存在密切联系，1992年的欧洲货币体系危机、1994年底的墨西哥金融危机以及1997年席卷东南亚的货币危机无不与国际游资有关。近年来，我国经济发展势头良好。

The Franco-German Cooperation and the establishment of European Monetary System

德法合作与欧洲货币体系的建立

The transfer of European monetary system into European Monetary Union has exercised far-reaching influence on the global financial pattern and trade characteristics.

欧洲货币体系转变成欧洲货币联盟，对全球金融格局、贸易特点产生了深远的影响。

Putting forward a theory optimum currency a theoretical foundation for establishing the European monetary system.

开创性地提出了“最优货币区理论”,为欧盟建立共同货币提供了核心的理论基础.

Exchange rates of member countries of the European Monetary System are chosen as sample in the empirical study, because the Exchange Rate Mechanism is one typical exchange rate TZ regime.

由于欧洲货币体系中的汇率机制（ERM）是现实中最典型的汇率目标区制度，故其成员国汇率被选作为实证研究的样本。