Consistent with the above assumption, Krause and Mendez (2008), using a panel of 34 countries over a time-span of 24 years find that the preference for inflation stability is strongly correlated with the central bank's independence and participation in the European
Economic and Monetary Union (EMU) for countries characterized by low inflation rates.
However, Rose and Engel (2002) data does not include European
Economic and Monetary Union (EMU).
BRUSSELS, Sept 15 (KUNA) -- European Union economic and financial affairs ministers held an informal meeting in Tallinn, Estonia Friday and emphasized that the strength of the entire EU is dependent on the strength of the
economic and monetary union. "During today's meeting there was a certainty expressed in that the better utilization of the potential of the
economic and monetary union is one of the most important aspects of the future of the EU," Toomas Toniste, the Minister for Finance of Estonia, whose country holds the current EU Presidency, told a news conference after the meeting.
This event aims at highlighting the reality of the Gulf States' economy, importance of economic diversification for sustainable development, European Union experience within the framework of the
Economic and Monetary Union (EMU) and the impact of the monetary union on the economies of the GCC countries.
The experience of the Eurozone reinforces the point that successful
economic and monetary union requires member states to relinquish sovereignty to a much greater degree than was, perhaps, initially thought.
Hence, economic reasoning and political reality jointly defined the blueprint for and the road map to the
Economic and Monetary Union that was established in Europe in 1999.
So, start time reaching the stage of
Economic and Monetary Union is represented by the Treaty of Maastricht.
These events have completed a paradigm shift in the European
Economic and Monetary Union (EMU).
Studies on coordination have recovered a new interest having in mind the case of the
Economic and Monetary Union (EMU).
The year 2012 was marked by a solid EU response to the economic and financial crisis with the establishment of the permanent European Stability Mechanism, a new Treaty on stability, coordination and governance in the
Economic and Monetary Union' (the so-called fiscal compact') now in place and with the agreement on a single banking supervisor.
European Union leaders will ask the bloc's top four officials to develop the building blocks they have identified so far into a detailed, time-bound roadmap to a genuine
economic and monetary union, draft conclusions of the EU leaders' summit showed.