European Monetary Institute


Also found in: Acronyms, Wikipedia.

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& Diplomacy) an organization set up in 1991 to coordinate economic and monetary policy within the European Union: superseded by the European Central Bank in 1998
References in periodicals archive ?
The first stage was getting convergence of the economies--the so-called Maastricht criteria; the second involved the setting up of the European Monetary Institute; and the third stage was the transformation of the European Monetary Institute into the European Central Bank and the issue of the new currency.
Nevertheless, in March 1998, the European Monetary Institute evaluated the financial data compiled by Eurostat to recommend which nations would be admitted into the EMU.
During the first phase, on March 25, 1998, the Commission and the European Monetary Institute (EMI) published their reports on the so-called "convergence criteria" of the 15 member states.
The decision was the culmination of an extensive scrutiny procedure - involving the European Monetary Institute, the European Commission, the ECOFIN Council and the European Parliament - designed to establish a reasonably objective basis for assessing which countries met the economic convergence criteria set out in the Maastricht Treaty.
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.
Discussants: Michihiro Oyama, Keio University, and Philipp Hartmann, European Monetary Institute
The seminar, sponsored by the European Monetary Institute, was held in Frankfurt, Germany, on February 27, 1997.
In its recent report on the single monetary policy in Stage III,(11) the European Monetary Institute narrowed down the list of potential monetary policy strategies to monetary targeting and direct inflation targeting, with the possibility of a framework which covers both strategies.
The European Monetary Institute appear relaxed about the position of Scottish banks issuing their own notes as Euros.
The European Monetary Institute stress the design of the notes is not final.
In the second stage, starting in 1004, the European Monetary Institute would be set up to pave the way for the European Central Bank.
On January 1, 1994, the EMU process began as stage 2 of the Treaty provisions established the European Monetary Institute (EMI).
Full browser ?