Sir, On the fifth anniversary of European economic and monetary union, Wolfgang Münchau draws a number of useful tactical lessons for those countries in Asia and elsewhere that might be aspiring to ...

Discover how the European Monetary System (EMS) stabilized currencies and laid the groundwork for the euro, creating economic unity in Europe from 1979 onwards.

There is a common misconception that the euro area is a monetary union without a political union. This reflects a deep misunderstanding of what monetary union means, writes Mario Draghi. There is a ...

Currency union participation may create a welfare tradeoff relating to monetary factors. Stabilisation costs arise from asymmetric shocks across the union. Countries pursuing discretionary national ...

More Formats on IMF eLibrary Order a Print Copy Create Citation The six member countries of the Gulf Cooperation Council (GCC)--Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates ...

(Reuters) -Europe's economic and monetary union, the most visible product of which is the euro, is an unprecedented effort at creating a shared currency backed by its own financial architecture. It is ...

1. I would like to speak today about an issue of enormous importance for the Belarusian economy—the question of whether and how to join a monetary union with Russia. Although the monetary union issue ...

DUBAI, May 20 (Reuters) - The United Arab Emirates has withdrawn from the Gulf Arab monetary union plan, derailing the long-troubled project and throwing into question the viability and influence of ...

Gaining international clout is an important motivation in pursuing monetary integration, as small country merge into a larger entity that can project more global power. We provide evidence to that ...

The West African Economic and Monetary Union has agreed with France to a number of changes to the CFA franc currency, including a new name, Ivory Coast’s President Alassane Ouattara said Saturday, as ...

An economist from the Anglosphere is likely to tell you that the euro is structurally flawed and must implode. An economist in one of the 19 eurozone countries would say it is a work in progress and ...