Economic and monetary union
- 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 economic integration.
EMU is established through a currency-related trade pact.
List of Economic and Monetary Unions
Current
* The largest economic and monetary union at present is the Eurozone. The Eurozone consists of the European Union member states that have completed the third stage of the EMU by adopting the Euro. Some non-EU members have also adopted the Euro, but they are not part of this EMU. See also the Benelux union of Belgium, the Netherlands and Luxembourg which pre-dates the European Union and continues to exist alongside it.
Proposed
* Economic and monetary union of the Caribbean Community
* Economic and monetary union of the Economic Community of West African States (ECOWAS)
* Economic and monetary union of the East African Community (EAC), due in 2009
* Economic and monetary union of the Gulf Cooperation Council (GCC), due in 2010
* Economic and monetary union of the Southern African Development Community (SADC), due in 2016
* Economic and monetary union of the Union of South American Nations (Unasur or Unasul*), due in 2019.
* Economic and monetary union of the South Asian Association for Regional Cooperation, due 2016
* Economic and monetary union of the African Economic Community (AEC), due in 2028
* Economic and monetary union of the North American Union
(*Spanish and Portuguese term, respectively)
Defunct
* The Belgium-Luxembourg Economic Union has been in place since 1921, though it has largely been subsumed by Benelux and the Eurozone.
ee also
* Monetary Union (Currency Union)
* United Nations Monetary and Financial Conference (Bretton Woods)
External links
* [http://euabc.com/index.phtml?word_id=314 Economic and Monetary Union, EMU] – on the [http://euabc.com euabc.com] website
Wikimedia Foundation.
2010.
Look at other dictionaries:
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 — ➔ EMU * * * ► See EMU. * * * Economic and Monetary Union UK US noun ► EMU(Cf. ↑EMU) … Financial and business terms
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 (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 — Economic and Mon|e|ta|ry U|nion →↑EMU … Dictionary of contemporary English
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
West African Economic and Monetary Union — The West African Economic and Monetary Union (or UEMOA from its name in French, Union économique et monétaire ouest africaine ) is an organization of eight states of West Africa established to promote economic integration among countries that… … 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
Economic and Monetary Community of Central Africa — The Economic and Monetary Community of Central Africa (or CEMAC from its name in French, Communauté Économique et Monétaire de l Afrique Centrale ) is an organization of states of Central Africa established to promote economic integration among… … Wikipedia
