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European Monetary Institute

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European Monetary Institute
n
(Government, Politics & Diplomacy) an organization set up in 1991 to coordinate economic and monetary policy within the European Union: superseded by the European Central Bank in 1998


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A body similar to the European Monetary Institute that preceded the European Central Bank, the monetary council would determine the time schedule for rolling out notes and coins.
A body similar to the European Monetary Institute that preceded the European Central Bank, the monetary council would determine the time schedule for rolling out notes and coins.
In the run-up to European Monetary Union under the Maastricht Treaty of 1992--with the introduction of the European Monetary System (EMS) in 1979, the work of the Delors Committee Report of 1989, and the establishment of the European Monetary Institute, precursor of the European Central Bank--the BIS served as a sort of launching platform for the most ambitious European integration project.
 
 
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