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Explain Why the European Exchange Rate Mechanism (ERM)ran into Problems

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Essay

Explain why the European exchange rate mechanism (ERM)ran into problems in the 1990s.


Definitions:

Factors

Elements or circumstances that contribute to a result or are considered in a decision-making process.

Generational Cohorts

Groups of people classified by their birth years, who experienced similar societal events, leading to shared characteristics and behaviors.

Marketers

Professionals or organizations that promote, sell, and distribute products or services to potential customers.

Importance

The state or quality of being significant, valued, or necessary in a particular context or to a particular person or group.

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