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Financial Unions Drive Economic Integration and Global Prosperity

Studies in methods. Series F
Compilation of financial accounts and balance sheets within monetary and economic unions

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The article explains how financial accounts and balance sheets are compiled in monetary and economic unions. It discusses different types of unions like monetary unions, currency unions, economic unions, and customs unions. In a monetary union, countries share a single monetary policy. Currency unions use a common currency instead of national ones. Economic unions align economic policies for better integration. Customs unions have shared trade policies with non-members. The article is divided into sections focusing on monetary and currency unions, economic unions, and customs arrangements.