European Monetary Institute

noun

1. an organization set up in 1991 to coordinate economic and monetary policy within the European Union: superseded by the European Central Bank in 1998

Example Sentences

This is not how Lamfalussy and his colleagues at the European Monetary Institute imagined the future two decades ago. 

From Washington Post

Turning the road map into reality became his job when the European Monetary Institute was established in Frankfurt, home of the German Bundesbank, then Europe’s dominant interest-rate-setting institution.

From Washington Post

After the European Monetary Institute’s first meeting, in January 1994, he told reporters: “I shall not accept a greater influence from the Bundesbank than if I had been sitting on the top of a mountain somewhere else.”

From Washington Post

Dr. Lamfalussy was the first president of the European Monetary Institute, a short-lived institution created in 1994 with the sole purpose of setting up the European Central Bank and then willing itself out of existence.

From Washington Post

Mr. Lamfalussy was the founding president of the European Monetary Institute, which later became the European Central Bank and which now oversees the eurozone monetary system.

From New York Times