Geldkonvergenz
Geldkonvergenz refers to the process by which different currencies or monetary systems move towards a common standard or a single currency. This can occur through various mechanisms, including economic integration, trade agreements, or deliberate policy decisions by governments. The goal of Geldkonvergenz is often to reduce transaction costs, eliminate exchange rate volatility, and foster greater economic stability and cooperation among participating entities.
A prominent example of Geldkonvergenz is the formation of the Eurozone, where multiple European countries adopted