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Economic and Monetary Union of the European Union

Index Economic and Monetary Union of the European Union

The Economic and Monetary Union (EMU) is an umbrella term for the group of policies aimed at converging the economies of member states of the European Union at three stages. [1]

61 relations: Banking union, Bretton Woods system, Capital Requirements Directives, Common Consolidated Corporate Tax Base, Current account, Debt-to-GDP ratio, Deposit insurance, Economic and monetary union, Euro, Euro banknotes, Euro coins, Euro convergence criteria, Euro Plus Pact, Eurogroup, European Central Bank, European Commission, European Commissioner for Energy, European Communities, European Council, European debt crisis, European Economic Community, European Exchange Rate Mechanism, European Fiscal Compact, European Fund for Strategic Investments, European Monetary Institute, European Parliament, European Single Market, European Stability Mechanism, European System of Central Banks, European Systemic Risk Board, European Union, Eurozone, François Hollande, Green paper, Gustav Stresemann, International Monetary Fund, Jacques Delors, Journal of European Integration, Latin Monetary Union, League of Nations, List of systemically important banks, Maastricht Treaty, Macroeconomic Imbalance Procedure, Member state of the European Union, Monetary policy, Money creation, Opt-outs in the European Union, Optimum currency area, Pierre Werner, Single Resolution Mechanism, ..., Single Supervisory Mechanism, Sixpack (European Union law), Snake in the tunnel, Spaak method, Stability and Growth Pact, Taylor & Francis, The Hague, The New York Times, Treaties of the European Union, Umbrella term, White paper. Expand index (11 more) »

Banking union

The banking union in the European Union is the transfer of responsibility for banking policy from the national to the EU level in several countries of the European Union, initiated in 2012 as a response to the Eurozone crisis.

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Bretton Woods system

The Bretton Woods system of monetary management established the rules for commercial and financial relations among the United States, Canada, Western Europe, Australia, and Japan after the 1944 Bretton-Woods Agreement.

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Capital Requirements Directives

The Capital Requirements Directives (CRD) for the financial services industry have introduced a supervisory framework in the European Union which reflects the Basel II and Basel III rules on capital measurement and capital standards.

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Common Consolidated Corporate Tax Base

The Common Consolidated Corporate Tax Base (CCCTB) is a proposal for a common tax scheme for the European Union developed by the European Commission and first proposed in March 2011 which would create a single set of rules for how EU corporations calculate their EU taxes and provide the ability to consolidate EU taxes.

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Current account

In economics, a country's current account is one of the two components of its balance of payments, the other being the capital account (also known as the financial account).

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Debt-to-GDP ratio

In economics, the debt-to-GDP ratio is the ratio between a country's government debt (a cumulative amount) and its gross domestic product (GDP) (measured in years).

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Deposit insurance

Explicit deposit insurance is a measure implemented in many countries to protect bank depositors, in full or in part, from losses caused by a bank's inability to pay its debts when due.

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Economic and monetary union

An economic and monetary union is a type of trade bloc which is composed of an economic union (common market and customs union) with a monetary union.

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Euro

The euro (sign: €; code: EUR) is the official currency of the European Union.

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Euro banknotes

Banknotes of the euro, the currency of the Eurozone, have been in circulation since the first series was issued in 2002.

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Euro coins

There are eight euro coin denominations, ranging from one cent to two euros (the euro is divided into a hundred cents).

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Euro convergence criteria

The euro convergence criteria (also known as the Maastricht criteria) are the criteria which European Union member states are required to meet to enter the third stage of the Economic and Monetary Union (EMU) and adopt the euro as their currency.

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Euro Plus Pact

The Euro-Plus Pact (or Euro+ Pact, also initially called the Competitiveness Pact or later the Pact for the Euro), was adopted in March 2011 under EU's Open Method of Coordination, as an intergovernmental agreement between all member states of the European Union (except Croatia, Czech Republic, Hungary, Sweden and UK), in which concrete commitments were made to be working continuously within a new commonly agreed political general framework for the implementation of structural reforms intended to improve competitiveness, employment, financial stability and the fiscal strength of each country.

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Eurogroup

The Eurogroup is the recognised collective term for informal meetings of the finance ministers of the eurozone—those member states of the European Union (EU) which have adopted the euro as their official currency.

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European Central Bank

The European Central Bank (ECB) is the central bank for the euro and administers monetary policy of the euro area, which consists of 19 EU member states and is one of the largest currency areas in the world.

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European Commission

The European Commission (EC) is an institution of the European Union, responsible for proposing legislation, implementing decisions, upholding the EU treaties and managing the day-to-day business of the EU.

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European Commissioner for Energy

The Commissioner for Climate Action and Energy Union is a member of the European Commission.

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European Communities

The European Communities (EC), sometimes referred to as the European Community,;; were three international organizations that were governed by the same set of institutions.

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European Council

The European Council, charged with defining the European Union's (EU) overall political direction and priorities, is the institution of the EU that comprises the heads of state or government of the member states, along with the President of the European Council and the President of the European Commission.

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European debt crisis

The European debt crisis (often also referred to as the Eurozone crisis or the European sovereign debt crisis) is a multi-year debt crisis that has been taking place in the European Union since the end of 2009.

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European Economic Community

The European Economic Community (EEC) was a regional organisation which aimed to bring about economic integration among its member states.

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European Exchange Rate Mechanism

The European Exchange Rate Mechanism (ERM) was a system introduced by the European Economic Community on 13 March 1979, as part of the European Monetary System (EMS), to reduce exchange rate variability and achieve monetary stability in Europe, in preparation for Economic and Monetary Union and the introduction of a single currency, the euro, which took place on 1 January 1999.

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European Fiscal Compact

The Treaty on Stability, Coordination and Governance in the Economic and Monetary Union; also referred to as TSCG or more plainly the Fiscal Stability Treaty is an intergovernmental treaty introduced as a new stricter version of the Stability and Growth Pact, signed on 2 March 2012 by all member states of the European Union (EU), except the Czech Republic and the United Kingdom.

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European Fund for Strategic Investments

The European Fund for Strategic Investments (EFSI), also called the Juncker Plan, is an initiative of EIB Group and the European Commission aimed at boosting the economy through mobilising private financing for strategic investments.

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European Monetary Institute

The European Monetary Institute (EMI) was the forerunner of the European Central Bank (ECB), operating between 1994 and 1997.

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European Parliament

The European Parliament (EP) is the directly elected parliamentary institution of the European Union (EU).

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European Single Market

The European Single Market, Internal Market or Common Market is a single market which seeks to guarantee the free movement of goods, capital, services, and labour – the "four freedoms" – within the European Union (EU).

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European Stability Mechanism

The European Stability Mechanism (ESM) is an intergovernmental organization located in Luxembourg City, which operates under public international law for all eurozone Member States having ratified a special ESM intergovernmental treaty.

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European System of Central Banks

The European System of Central Banks (ESCB) consists of the European Central Bank (ECB) and the national central banks (NCBs) of all 28 member states of the European Union (EU).

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European Systemic Risk Board

The European Systemic Risk Board (ESRB) was established on 16 December 2010 in response to the ongoing financial crisis.

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European Union

The European Union (EU) is a political and economic union of EUnum member states that are located primarily in Europe.

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Eurozone

No description.

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François Hollande

François Gérard Georges Nicolas Hollande (born 12 August 1954) is a French politician who served as President of France and ex officio Co-Prince of Andorra from 2012 to 2017.

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Green paper

In the European Union, the Commonwealth countries, Hong Kong and the United States, a green paper is a tentative government report and consultation document of policy proposals for debate and discussion.

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Gustav Stresemann

(10 May 1878 – 3 October 1929) was a German statesman who served as Chancellor in 1923 (for a brief period of 102 days) and Foreign Minister 1923–1929, during the Weimar Republic.

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International Monetary Fund

The International Monetary Fund (IMF) is an international organization headquartered in Washington, D.C., consisting of "189 countries working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world." Formed in 1945 at the Bretton Woods Conference primarily by the ideas of Harry Dexter White and John Maynard Keynes, it came into formal existence in 1945 with 29 member countries and the goal of reconstructing the international payment system.

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Jacques Delors

Jacques Lucien Jean Delors (born 20 July 1925) is a French politician who served as the 8th President of the European Commission from 1985 to 1995.

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Journal of European Integration

The Journal of European Integration (Revue d'Intégration Européenne) is a peer-reviewed academic journal published seven times a year with a focus on European integration via an inter-disciplinary perspective particularly in regards to European political economy, law, history, and sociology.

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Latin Monetary Union

The Latin Monetary Union (LMU) was a 19th-century attempt to unify several European currencies into a single currency that could be used in all the member states, at a time when most national currencies were still made out of gold and silver.

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League of Nations

The League of Nations (abbreviated as LN in English, La Société des Nations abbreviated as SDN or SdN in French) was an intergovernmental organisation founded on 10 January 1920 as a result of the Paris Peace Conference that ended the First World War.

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List of systemically important banks

There is one official global list of systemically important banks (G-SIBs).

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Maastricht Treaty

The Treaty on European Union (TEU; also referred to as the Treaty of Maastricht is one of two treaties forming the constitutional basis of the European Union (EU), the other being the Treaty on the Functioning of the European Union (TFEU; also referred to as the Treaty of Rome). The TEU was originally signed on 7 February 1992 by the members of the European Community in Maastricht, Netherlands to further European integration. On 9–10 December 1991, the same city hosted the European Council which drafted the treaty. Upon its entry into force on 1 November 1993 during the Delors Commission, it created the three pillars structure of the European Union and led to the creation of the single European currency, the euro. TEU comprised two novel titles respectively on Common Foreign and Security Policy and Cooperation in the Fields of Justice and Home Affairs, which replaced the former informal intergovernmental cooperation bodies named TREVI and European Political Cooperation on EU Foreign policy coordination. In addition TEU also comprised three titles which amended the three pre-existing community treaties: Treaty establishing the European Atomic Energy Community, Treaty establishing the European Coal and Steel Community, and the Treaty establishing the European Economic Community which had its abbreviation renamed from TEEC to TEC (being known as TFEU since 2007). The Maastricht Treaty (TEU) and all pre-existing treaties, has subsequently been further amended by the treaties of Amsterdam (1997), Nice (2001) and Lisbon (2009).

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Macroeconomic Imbalance Procedure

The Macroeconomic Imbalance Procedure (MIP) was introduced by the European Union in autumn 2011 amidst the economic and financial crisis, and entered into force on 13 December 2011.

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Member state of the European Union

The European Union (EU) consists of 28 member states.

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Monetary policy

Monetary policy is the process by which the monetary authority of a country, typically the central bank or currency board, controls either the cost of very short-term borrowing or the monetary base, often targeting an inflation rate or interest rate to ensure price stability and general trust in the currency.

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Money creation

Money creation is the process by which the money supply of a country, or of an economic or monetary region,Such as the Eurozone or ECCAS is increased.

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Opt-outs in the European Union

In general, the law of the European Union is valid in all of the twenty-eight European Union member states.

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Optimum currency area

In economics, an optimum currency area (OCA), also known as an optimal currency region (OCR), is a geographical region in which it would maximize economic efficiency to have the entire region share a single currency.

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Pierre Werner

Pierre Werner (29 December 1913 – 24 June 2002) was a Luxembourg politician in the Christian Social People's Party (CSV) who was Prime Minister from 1959 to 1974 and from 1979 to 1984.

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Single Resolution Mechanism

The Single Resolution Mechanism (SRM) is one of the pillars of the European Union's banking union.

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Single Supervisory Mechanism

The Single Supervisory Mechanism (SSM) is the name for the mechanism that grants the European Central Bank (ECB) a supervisory role to monitor the financial stability of banks based in participating nation states.

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Sixpack (European Union law)

The EU economic governance, Sixpack describes a set of European legislative measures to reform the Stability and Growth Pact and introduces greater macroeconomic surveillance.

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Snake in the tunnel

The snake in the tunnel was the first attempt at European monetary cooperation in the 1970s, aiming at limiting fluctuations between different European currencies.

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Spaak method

The Spaak method of negotiation is named after Paul-Henri Spaak, a Belgian politician, who applied this method at the Intergovernmental Conference on the Common Market and Euratom in 1956 at Val Duchesse castle in preparing for the Treaties of Rome in 1957.

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Stability and Growth Pact

The Stability and Growth Pact (SGP) is an agreement, among the 28 member states of the European Union, to facilitate and maintain the stability of the Economic and Monetary Union (EMU).

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Taylor & Francis

Taylor & Francis Group is an international company originating in England that publishes books and academic journals.

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The Hague

The Hague (Den Haag,, short for 's-Gravenhage) is a city on the western coast of the Netherlands and the capital of the province of South Holland.

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The New York Times

The New York Times (sometimes abbreviated as The NYT or The Times) is an American newspaper based in New York City with worldwide influence and readership.

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Treaties of the European Union

The Treaties of the European Union are a set of international treaties between the European Union (EU) member states which sets out the EU's constitutional basis.

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Umbrella term

An umbrella term is a word or phrase that covers a wide range of concepts belonging to a common category.

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White paper

A white paper is an authoritative report or guide that informs readers concisely about a complex issue and presents the issuing body's philosophy on the matter.

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Redirects here:

EMUEU, Economic and Monetary Union of the EU, Economic and monetary union of the european union, European Economic and Monetary Union, European Monetary Union, European monetary union.

References

[1] https://en.wikipedia.org/wiki/Economic_and_Monetary_Union_of_the_European_Union

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