Economic and Monetary Union (EMU)

Definition:

In the context of the European Union, the EMU is a committment (adapted by most but not all EU countries) to move to economic integration in a number of stages culminating with a common currency.

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Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

Term of the Day

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An attempt to acquire a large portion of a company's stock to gain control by offering stockholders a premium over the market value for their shares.

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