1. The process of coordinating and unifying the monetary policies and currencies of different countries or regions into a single monetary system
The European Union underwent monetary integration with the introduction of the Euro in 1999.
A União Europeia realizou integração monetária com a introdução do Euro em 1999.
2. The elimination of exchange rate variability and the adoption of a common currency or coordinated monetary policy among participating economies
Monetary integration requires central banks to coordinate their interest rate decisions.
A integração monetária requer que os bancos centrais coordenem suas decisões de taxas de juros.