Briefly describe the main contents of the European monetary system;

The European monetary system is essentially a fixed and adjustable exchange rate system, which includes three aspects:

1. European monetary unit. The European Monetary Unit (ECU) is a basket of currencies composed of 12 member countries in Europe at that time, and the proportion of each member country's currency in it is determined by its own economic strength.

Second, establish a mechanism to stabilize the exchange rate, including: 1. Parity check network system, 2. A basket of monetary systems. There are special intervention methods.

Third, establish the European Monetary Cooperation Fund.