Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/212607 
Year of Publication: 
2007
Series/Report no.: 
BOFIT Discussion Papers No. 16/2007
Publisher: 
Bank of Finland, Institute for Economies in Transition (BOFIT), Helsinki
Abstract: 
We consider the likely economic impact and prospects for monetary integration among Belarus, Kazakhstan, the Russian Federation and Ukraine as part of the Single Economic Space they have agreed to set up. A monetary union among these countries poses three interesting issues for the structure and process of integration: they have already been members of a wider currency union that collapsed, so it is necessary to handle the problems of history; secondly the union would be of very unequal size with the Russian Federation outweighing the others taken together, so we must consider how the national interests would be balanced; lastly natural resources, particularly oil and gas pose problems for dependence and for the determination of the external exchange rate.
Subjects: 
Monetary union
CIS
economic integration
JEL: 
F16
E63
E42
Persistent Identifier of the first edition: 
ISBN: 
978-952-462-877-8
Document Type: 
Working Paper

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