short-term monetary support

'short-term monetary support' can also refer to...


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Funds available to a member country of the European Union for three months. These funds are provided by the European Central Bank to offset problems one state may be having in relation to temporary balance of payments deficits. STMS is now available only to those member states that have not adopted the euro. Compare medium-term financial assistance.

Subjects: Financial Institutions and Services.

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