European Central Bank (ECB) European Central Bank (ECB)— central bank created to conduct the monetary policy for the countries participating in the single European currency, the euro.
European terms European terms— foreign exchange quotations for the U.S. dollar, expressed as the number of non-U.S. currency units per U.S. dollar.
European Monetary System (EMS) European Monetary System (EMS) refers to a monetary alliance of 15 European countries (same member as the European Union), formed to maintain member ...
European Free Trade Association (EFTA) European Free Trade Association (EFTA)— European countries not part of the EEC (EU) butt having no internal tariffs. EFTA consists of Austria, Iceland ...
European Economic Community (EEC) European Economic Community (EEC) is the European common market composed of Belgium, Denmark, France, Germany, Greece, Ireland, Italy, Luxembourg ...
European Currency Unit (ECU) European Currency Unit (ECU) refers to the composite currency created by the European Monetary System to function as a reserve currency numeraire. The ...
European Union (EU) The European Union (EU) is an economic and political partnership of 27 democratic European countries. Three countries (Croatia,
Single European Act. One of the most significant events affecting international banking was the Single European Act, which was phased in by 1992 throughout the European Union (EU) countries.As a result of this act, banks have expanded across European countries.
Definition
[ n.]