European Economic and Monetary Union - EMU
- European Economic and Monetary Union - EMU
- The successor to the European Monetary System (EMS), the combination of European Union member states into a cohesive economic system, most notably represented with the adoption of the euro as the national currency of participating members.
The EMU's succession over the EMS occurred through a three phase process, with the third and final phase initiating the adoption of the euro currency in place of former national currencies. This has been completed by all initial EU members except for the United Kingdom and Denmark, who have opted out of adopting the euro.
Investment dictionary.
Academic.
2012.
Look at other dictionaries:
Economic and Monetary Union (EMU) — a three stage process for establishing Economic and Monetary Union in the European Communities, proposed by a committee of the European Council in 1989 (although a currency snake was a clear precursor). The first stage simply involves the… … Law dictionary
Economic and Monetary Union of the European Union — In economics, a monetary union is a situation where several countries have agreed to share a single currency amongst themselves. The European Economic and Monetary Union (EMU) consists of three stages coordinating economic policy and culminating… … Wikipedia
Economic and monetary union — An economic and monetary union is a single market with a common currency. It is to be distinguished from a mere currency union (e.g. the Latin Monetary Union in the 1800s), which does not involve a single market. This is the fifth stage of… … Wikipedia
economic and monetary union — (EMU) Economic and monetary union was a bold and ambitious plan for the coordination of economic policy and culminating in the use of a single currency in the European Union. The adoption of the euro in 1999 involved the unification of… … Glossary of UK Government and Politics
Economic and Monetary Union — [Economic and Monetary Union] (also European Monetary Union)(abbr EMU) the idea that there should be completely free movement of people, goods and money between the countries of th … Useful english dictionary
Economic and Monetary Union — (also European Monetary Union) (abbr EMU) the idea that there should be completely free movement of people, goods and money between the countries of the European Union. From 1 January 1993 many controls on the movement of goods and people between … Universalium
European Commissioner for Economic and Monetary Affairs and the Euro — Incumbent Olli Rehn since 9 February 2010 … Wikipedia
Economic and Monetary Union — (EMU) An objective of the EC since 1969. The Treaty on European Union established a timetable for full EMU to be achieved by 1999 at the latest … Glossary of the European Union and European Communities
Committee on Economic and Monetary Affairs — The Committee on Economic and Monetary Affairs (ECON) is a committee of the European Parliament. Since Economic and Monetary Union (EMU), the most important function of this Committee (EMAC) has been in relation to the European Central Bank (ECB) … Wikipedia
Economic and Financial Committee — An institution created by the Treaty on European Union as part of the progress towards Economic and Monetary Union (EMU). It wil replace the Monetary Committee at the beginning of the final EMU stage and will monitor the monetary situation in… … Glossary of the European Union and European Communities
