European Monetary Institute

The European Monetary Institute (EMI) was an organization established in 1994 to prepare for the introduction of the euro, the common currency for many European countries. Its main roles included coordinating monetary policy among member countries, promoting the stability of the euro, and providing research and analysis related to monetary matters. The EMI laid the groundwork for the European Central Bank (ECB), which was created in 1998 to manage the euro and maintain price stability in the Eurozone, ultimately facilitating economic integration in Europe.