Economic Definition of Economic and Monetary Union. Defined.
Offline Version: PDF
Term Economic and Monetary Union Definition: An aspect of the European Union designed to integrate economic and monetary policies and establish a single currency (the euro). The Economic and Monetary Union, abbreviated EMU, was created by the 1992 Maastricht Treaty and officially came into existence in 1999. The European Central Bank has control over monetary policy and the money supply for the Economic and Monetary Union.
« economic analysis | Economic Commission for Latin America »
Permalink: https://glossary.econguru.com/economic-term/Economic+and+Monetary+Union