currency union

Frequency: 7.515.3 per million words

An agreement among members to share a common currency and a single monetary policy.

unionADJECTIVE + union

Categories:

currency

Examples (10)

  • The treaty established a currency union between the neighboring states.
  • Member countries of the currency union share a single central bank.
  • Entering a currency union requires meeting specific economic convergence criteria.
  • The economic crisis tested the stability of the currency union.
  • Critics argue that a currency union without fiscal union is unstable.
  • A successful currency union promotes trade by removing exchange rate risks.
  • They discussed the benefits and costs of joining the currency union.
  • Without fiscal integration, a currency union may face significant challenges.
  • The government held a referendum on whether to join the currency union.
  • Historically, maintaining a currency union has proven difficult during asymmetric shocks.