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Discover LudwigThe phrase "a monetary union" is correct and usable in written English.
It can be used to refer to an agreement between two or more countries to share a common currency and coordinate monetary policy.
Example: "The European Union is an example of a monetary union that facilitates trade among its member states."
Alternatives: "currency union" or "financial union".
Exact(60)
Phocaea and Mytilene established a monetary union for their electrum.
As a monetary union, the EMU has already failed.
A monetary union involves the irrevocable fixation of the exchange rates of the national currencies existing before the formation of a monetary union.
The European Union is about to achieve its dream of creating a monetary union.
"Common agency with rational expectations: Theory and application to a monetary union". with Henrik Jensen.
A common market, let alone a monetary union, looks like a distant dream.
"The euro zone has moved away from a monetary union and towards a transfer union".
In a monetary union, irresponsibility by one member endangers the well-being of others.
But Mr Cameron and his unionist allies have stridently ruled out a monetary union.
Usually, a monetary union involves the introduction of common banknotes and coins.
It believed, wrongly, that countries within a monetary union no longer faced balance-of-payments constraints.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com