European Monetary Institute

European Monetary Institute in Europe

Description of European Monetary Institute (EMI)

The Concise Encyclopedia of the European Union describes european monetary institute (emi) in the following terms: [1] Established in Frankfurt in 1994, the EMI was designed under the Maastricht Treaty to be the precursor to the European Central Bank (ECB). It was charged with managing the European Monetary System, co-ordinating monetary policy among member states and preparing for the single currency. Its ruling Council consisted of the governors of the central banks of all the EU member states. In 1998 it was replaced by the ECB in the run-up to the launch of the euro on 1 January 1999.

European Monetary Institute and the European Union

Resources

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  • EMI

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Notas y References

  1. Based on the book “A Concise Encyclopedia of the European Union from Aachen to Zollverein”, by Rodney Leach (Profile Books; London)

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