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Was (wer) ist common currency - definition
TWO OR MORE STATES SHARING THE SAME CURRENCY WITHOUT THEM HAVING ANY FURTHER INTEGRATION
Monetary union; Currency Union; Monetary Union; Single currency; Common currency; List of monetary unions; Currency bloc; Monetary agreement
common currency
If you say that an idea or belief has become common currency, you mean it is widely used and accepted.
The story that she was trapped in a loveless marriage became common currency.
N-UNCOUNT
Currency union
A currency union (also known as monetary union) is an intergovernmental agreement that involves two or more states sharing the same currency. These states may not necessarily have any further integration (such as an economic and monetary union, which would have, in addition, a customs union and a single market).
single currency
¦ noun a currency used by all the members of an economic federation.
?(also single European currency) the currency (the euro) which replaced the national currencies of twelve member states of the European Union in 2002.
Wikipedia
Currency union
A currency union (also known as monetary union) is an intergovernmental agreement that involves two or more states sharing the same currency. These states may not necessarily have any further integration (such as an economic and monetary union, which would have, in addition, a customs union and a single market).
There are three types of currency unions:
- Informal – unilateral adoption of a foreign currency.
- Formal – adoption of foreign currency by virtue of bilateral or multilateral agreement with the monetary authority, sometimes supplemented by issue of local currency in currency peg regime.
- Formal with common policy – establishment by multiple countries of a common monetary policy and monetary authority for their common currency.
The theory of the optimal currency area addresses the question of how to determine what geographical regions should share a currency in order to maximize economic efficiency.
Beispiele aus Textkorpus für common currency
1. There is a massive common currency in international sport.
2. Many of its members share a common currency, the euro.
3. A common currency in the GCC might be very useful.
4. Swedes rejected adopting the common currency in 2003.
5. A common currency requires similarity between the economies in order to work.