The second stage of the monetary union,approved at a meeting in Maastricht in December 1991,called for the creation of the________________.

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The second stage of the monetary union, approved at a meeting in Maastricht in December 1991, called for the creation of the European Monetary Institute (EMI). The EMI was established in January 1994 and served as a precursor to the European Central Bank, which was created in 1998. The EMI was responsible for coordinating monetary policy among the EU member states and preparing for the introduction of the euro currency.

The Second Stage of the Monetary Union,approved at a Meeting