Examples of using Fluctuation margin in English and their translations into Italian
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Intra-marginal intervention: intervention carried out by a central bank to support its currency the exchange rate of which is still within its fluctuation margins.
The new, wider fluctuation margins take account of the massive increase in capital mobility over recent years
This may be obtained by adding a strongly nonlinear term to(3), allowing to combine some flexibility with fixed fluctuation margins: b.
As part of the first stage, they established a Community system for the progressive narrowing of the fluctuation margins of the members» currencies.
to guarantee stability by setting maximum fluctuation margins in order to preserve the price system underlying the Common Agricultural Policy(CAP),
The new ERM fluctuation margins must be used to secure more effective Community coordination in accordance with the general interest,
observing narrow fluctuation margins have performed best, but inflationary pressures have begun to re-appear recently and pose a threat In these countries too.
On 12 April 1972 the‘snake in the tunnel' narrowed the fluctuation margins between the Community currencies to± 2.25%(the snake) and those operating between these currencies
in which all the currencies established central parities between them(central rates) and fluctuation margins around them, the parities and margins for the new exchange mechanism are now set solely in relation to the euro.
the widening of the fluctuation margins to±15% has been accompanied by a greater focus on the centre of the system as the reference point for exchange rate management.
Second, with regard to the definition of“ normal fluctuation margins”, the ECB recalls the formal opinion that was put forward by the EMI Council in October 1994
the‘ normal fluctuation margins' were± 2.25% around bilateral central parities, whereas a± 6%
the nor mal fluctuation margins were-- 2.25% around bilateral central rates, whereas a-- 6%
central bank Governors to take the joint decision to widen the ERM fluctuation margins for compulsory intervention to+ 15%,
In August 1993 the decision was taken to widen the fluctuation margins to± 15%, and the interpretation of the criterion, in particular of the concept of‘ normal fluctuation margins', became less straightforward”.
Decisions on central rates and fluctuation margins are taken by mutual agreement of the finance ministers of the euro area countries, the ECB
are required to maintain their exchange rates within certain fluctuation margins.
In this context, the decision in August 1993 to widen the obligatory' marginal intervention thresholds or fluctuation margins around ERM central rates to a uniform 15% is particularly significant.
in the first stage, with a narrowing of fluctuation margins between their currencies, the ultimate objective remaining to ensure a complete freedom of capital movements
Ii fluctuation margins of 2.25% will be fixed around these bilateral central rates,