monetary union
Definition
Two or more countries with a single currency, or different currencies having a fixed mutual exchange rate monitored and controlled by one central bank (or several central banks with closely coordinated monetary policies).
email to a friend
print this definition
cite this definition
link to this page
monetary union is in the Banking, Commerce & Finance and Economics, Politics, & Society subjects.
monetary union appears in the definitions of the following terms: Franc zone (ZF) and Eurozone
This content can be found on the following page:
http://www.businessdictionary.com/definition/monetary-union.html