Economic and Monetary Union


 

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Economic and Monetary Union

A currency area formed in 1999 as a result of the Maastricht Treaty. Members of the EMU share the common currency, the euro.



Similar Matches

Economic rent

Economic rent

See rent.


Economic union

Economic union

An agreement between two or more countries that allows the free movement of capital, labor, and all goods and services, and involves the harmonization and unification of social, fiscal, and monetary policies.


Asia Pacific Economic Cooperation Pact (APEC)

Asia Pacific Economic Cooperation Pact (APEC)

A loose economic affiliation of Southeast Asian and Far Eastern nations. The most prominent members are China, Japan, and Korea.


Leading economic indicators

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Economic series that tend to rise or fall in advance of the rest of the economy.


Economic value added

Economic value added

A measure of corporate performance which reveals whether a company is earning more or less than the amount which its capital is costing. If it is, value is being added to the enterprise, which is good news for shareholders. If it isn't, shareholders have cause for grievance because their capital would be better employed in a bank account earning interest.


Further Suggestions

Closer Economic Relations
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macroeconomics
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microeconomics
Keynesian economics
European Economic Area
Economic order quantity (EOQ)
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Special economic zone
Welfare economics
Economic expansion


 
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