EFinance glossary

Economic and Monetary Union (EMU)

Quick definition

A region sharing a single currency.

Overview

An Economic and Monetary Union (EMU) is an integration of countries adopting a single currency and coordinated economic policies, such as the eurozone.

Common uses

Economic harmonisation
Monetary policy
Facilitating trade

Examples of use in small businesses

Easier exporting
Access to a large customer base
Reduced currency risk

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Overview

Common uses

Examples of use in small businesses

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