Exchange rate mechanism in the third stage of EM

Resolution of the European Council on the establishment of an exchange rate mechanism in the third stage of economic and monetary union Amsterdam, 16 June 1997

1. Principles and Objectives- 2. Main Features

Report by the (Ecofin) Council to the European Council in Nice on the exchange rate aspects of enlargement 8 November 2000

Prior to Accession, There are no Formal Restrictions on the Choice of an Exchange Rate Regime.- Upon Accession, New Member States Shall Treat Their Exchange Rate Policy as a Matter of Common Interest- After Accession, Although Not Necessarily Immediately, Accession Countries are Expected to Join the ERM- After Application of the Procedure Provided for in the Relevant Parts Of The Treaty, The New Member States Will Adopt The Euro In A Manner That Ensures Equal Treatment with the Initial Partic...

Common Statement on acceding countries and ERM2 Athens, 5 April 2003

Agreement of 16 March 2006 between the European Central Bank and the national central banks of the Member States outside the euro area laying down the operating procedures for an exchange rate mechanism in Stage III of economic or and monetary union

I. Central Rates and Fluctuation Bands- Article 1- II. INTERVENTION- Article 2 General provisions- Article 3 Intervention at the margins- Article 4 Coordinated intramarginal intervention- Article 5 Procedures for intervention and other transactions- III. Very Short-Term Financing Facility- Article 6 General provisions- Article 7 Financing of intervention at the margins- Article 8 Financing of intramarginal intervention- Article 9 Remuneration- Article 10 Automatic renewal- Article 11 Renewal ...

Agreement of 21 December 2006

Article 1- Article 2- Article 3- Article 4- Annex 'annex II : Ceilings on Access to the Very Short-Term Financing Facility Referred to in Articles 8,10 and 11 of the Central Bank Agreement with effect from 1 January 2007