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Author: | Chaplygin, V. Hallett, A.H. Richter, C. |
Title: | Monetary integration in the ex-Soviet Union: A 'union of four'? |
Journal: | Economics of transition
2006 : VOL. 14:1, p. 44-68 |
Index terms: | economic integration monetary system Soviet bloc |
Language: | eng |
Abstract: | The four ex-Soviet countries' (Russia, Belarus, Kazakhstan, Ukraine) governments have discussed forming a currency union. This study shows that the arrangement is likely to find it difficult to handle the lack of structural symmetry, the asymmetric pattern of shocks, and the lack of market flexibility among the potential participants. In addition, the union would be a unilateral one. |
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