Stage Three of EMU

E158742

Stage Three of EMU is the final phase of the European Union’s economic and monetary integration, marked by the adoption of the euro and the implementation of a single monetary policy under the European Central Bank.

All labels observed (2)

Label Occurrences
Stage Three of EMU canonical 3
Stage 3 of EMU 1

How this entity was disambiguated

Statements (46)

Predicate Object
instanceOf phase of European integration ⓘ
stage of Economic and Monetary Union ⓘ
appliesTo euro area member states ⓘ
characterizedBy Stability and Growth Pact fiscal rules for euro area members ⓘ
convergence criteria for joining the euro area ⓘ
coordination of economic policies among euro area states ⓘ
currency euro ⓘ
event introduction of euro banknotes and coins in 2002 ⓘ
launch of the euro as book money in 1999 ⓘ
transfer of monetary policy to the European Central Bank in 1999 ⓘ
follows Stage Two of EMU ⓘ
goal deep economic integration in the European Union ⓘ
elimination of exchange rate risk within the euro area ⓘ
enhanced price transparency in the single market ⓘ
macroeconomic stability in the euro area ⓘ
hasKeyFeature abolition of national monetary policy for euro area members ⓘ
adoption of the euro ⓘ
centralization of monetary policy at EU level ⓘ
introduction of euro banknotes and coins ⓘ
irrevocably fixed exchange rates among participating currencies ⓘ
price stability as primary monetary objective ⓘ
single monetary policy ⓘ
use of a single interest rate policy for the euro area ⓘ
implementedBy European Central Bank ⓘ
Eurosystem ⓘ
legalBasis Maastricht Treaty provisions on EMU ⓘ
Treaty on European Union ⓘ
Treaty on the Functioning of the European Union ⓘ
monetaryAuthority European Central Bank ⓘ
monetaryPolicyFramework single monetary policy for the euro area ⓘ
partOf Economic and Monetary Union of the European Union ⓘ
European Union economic and monetary integration ⓘ
policyInstrument ECB main refinancing operations interest rate ⓘ
open market operations conducted by the ECB ⓘ
standing facilities and minimum reserve requirements in the euro area banking system ⓘ
policyObjective maintaining inflation at a low and stable level ⓘ
precededBy Stage Two of EMU ⓘ
relatedInstitution European System of Central Banks ⓘ
Eurosystem ⓘ
replaces national currencies of participating member states ⓘ
requires compliance with convergence criteria ⓘ
independence of national central banks before entry ⓘ
scope countries that have adopted the euro as legal tender ⓘ
startDate 1999-01-01 ⓘ
status final stage of EMU ⓘ
supervisedBy Eurogroup for political coordination of euro area matters ⓘ

How these facts were elicited

Referenced by (4)

Full triples — surface form annotated when it differs from this entity's canonical label.

Economic and Monetary Union of the European Union → hasStage → Stage 3 of EMU ⓘ
subject linked to: EMU
linked to: Stage Three of EMU
Delors Report → describesStage → Stage Three of EMU ⓘ