EUROPEAN MONETARY UNION

  

Copyright © Philip M. Parker, INSEAD. Terms of Use.

EUROPEAN MONETARY UNION

Specialty Definition: EUROPEAN MONETARY UNION

DomainDefinition

Agriculture

As agreed in the Maastricht Treaty, 11 European Union members began participating in the EMU on January 1, 1999. The 11 countries are Austria, Belgium, Finland, France, Germany, Ireland, Italy, Luxembourg, the Netherlands, Portugal, and Spain. The other four countries - the United Kingdom, Denmark, Sweden, and Greece - either chose not to participate at this time, or did not meet the economic criteria. Under the EMU, the 11 countries have a common central bank (the European Central Bank), and thus a common monetary policy, similar to that of the U.S. Federal Reserve System, and a single currency, called the euro. (EMU). (references)

Source: compiled by the editor from various references; see credits.

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Non-Fiction Usage: EUROPEAN MONETARY UNION

SubjectTopicQuote

Business

A major question remains at what level interest rates will converge with the January 1, 1999 introduction of European Monetary Union. (references)

Funding through the European Union's (EU) Third Community Support Framework (III CSF) will foster a high rate growth of the Greek Economy and cement its participation in the European Monetary Union (EMU). (references)

Conversion rates between the Euro and eleven participating currencies within the European Monetary Union (EMU) were fixed on December 31, 1998. The eleven countries included in the EMU are Austria, Belgium, Finland, France, Germany, Ireland, Italy, Luxembourg, Netherlands, Portugal, and Spain. (references)

Economic History

Belgium

Belgium became a first-tier member of the European Monetary Union in January 1999. (references)

Portugal

Much of the recent growth has occurred as a result of the European Monetary Union (EMU). (references)

Spain

As of January 1999, with Spain's participation in the European Monetary Union, companies may have begun to keep their books in Euros. (references)

Political Economy

BELGIUM

On May 1, 1998, Belgium became a first-tier member of the European Monetary Union. (references)

Finland

In 1998, the Finnish parliament easily approved a government motion to allow Finland to enter the first round of the European Monetary Union (EMU). (references)

SWEDEN

Although Sweden is an EU member, it has chosen not to join the European Monetary Union and does not currently participate in the European Exchange Rate Mechanism. (references)

Trade

Spain

The establishment of the European Monetary Union (EMU) and, consequently, the creation of the Central European Bank affected some of the functions performed by the Bank of Spain. (references)

Source: compiled by the editor from ICON Group International, Inc.; see credits.

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Frequency of Internet Keywords: EUROPEAN MONETARY UNION

The following statistics estimate the number of searches per day across the major English-language search engines as identified by various trade publications. Hyperlinks lead to commercial use of the expression at Amazon.com.
 
ExpressionFrequency
per Day

european monetary union

29

euro european monetary union

5
Source: compiled by the editor from various references; see credits.

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Alternative Orthography: EUROPEAN MONETARY UNION


Hexadecimal (or equivalents, 770AD-1900s) (references)

45 55 52 4F 50 45 41 4E      4D 4F 4E 45 54 41 52 59      55 4E 49 4F 4E

Leonardo da Vinci (1452-1519; backwards) (references)

        

Binary Code (1918-1938, probably earlier) (references)

01000101 01010101 01010010 01001111 01010000 01000101 01000001 01001110 00100000 01001101 01001111 01001110 01000101 01010100 01000001 01010010 01011001 00100000 01010101 01001110 01001001 01001111 01001110

HTML Code (1990) (references)

&#69 &#85 &#82 &#79 &#80 &#69 &#65 &#78 &#32 &#77 &#79 &#78 &#69 &#84 &#65 &#82 &#89 &#32 &#85 &#78 &#73 &#79 &#78

ISO 10646 (1991-1993) (references)

0045 0055 0052 004F 0050 0045 0041 004E      004D 004F 004E 0045 0054 0041 0052 0059      0055 004E 0049 004F 004E

Encryption (beginner's substitution cypher): (references)

39555249503935482474948395435525925548434948

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INDEX

1. Quotations: Non-fiction
2. Expressions: Internet
3. Orthography
4. Bibliography


  

Copyright © Philip M. Parker, INSEAD. Terms of Use.