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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& Diplomacy) an organization set up in 1991 to coordinate economic and monetary policy within the European Union: superseded by the European Central Bank in 1998 How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| 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. Wire Duisenberg, the president of the ECB's forerunner, the European Monetary Institute, looked to be a shoe-in as the ECB's first president. As Europe moves toward establishing a European Central Bank, issues regarding the best intermediate targets and operating procedures are being actively discussed at the European Monetary Institute. |
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