Concept information
Preferred term
monetary union
Definition
- A monetary union is defined in general as two or more otherwise independent states joining together to share a common currency. Traditionally, sovereign states have issued their own currencies for both domestic and international exchange. [Source: Encyclopedia of Business in Today's World; Monetary Union]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/monetary_union
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