The IMF and the Ruble Zone
Abstract
When the fifteen Soviet successor states joined the IMF in 1992, the most pressing monetary question was whether to retain the ruble or to issue national currencies. IMF officials have argued that the IMF's role was to present the arguments for and against alternative arrangements. This is not how policymakers in the new independent countries and other observers perceived the IMF's position. In 1992, the IMF was seen as advocating retention of the ruble zone, although its position changed and in 1993 it supported introduction of new national currencies. This paper analyses why the IMF adopted a position, and discusses some of the consequences. Comparative Economic Studies (2002) 44, 37–47; doi:10.1057/ces.2002.17Download Info
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Bibliographic Info
Article provided by Palgrave Macmillan in its journal Comparative Economic Studies.
Volume (Year): 44 (2002)
Issue (Month): 4 (December)
Pages: 37-47
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Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.Cited by:
- Pomfret, Richard, 2007.
"Coordinating Aid for Regional Cooperation Projects: The Experience of Central Asia,"
Working Papers
UNU-WIDER Research Paper , World Institute for Development Economic Research (UNU-WIDER).
- Richard Pomfret, 2006. "Coordinating Aid for Regional Cooperation Projects: The Experience of Central Asia," The Institute for International Integration Studies Discussion Paper Series iiisdp163, IIIS.
- Philip R. Lane, 2003.
"The International Community and the CIS-7,"
The Institute for International Integration Studies Discussion Paper Series
iiisdp04, IIIS.
- Philip R. Lane, 2003. "The International Community and the CIS-7," Trinity Economics Papers 20033, Trinity College Dublin, Department of Economics.
- Richard Pomfret, 2003. "Formation and Dissolution of Monetary Unions: Evidence from Europe, and Lessons for Elsewhere," School of Economics Working Papers 2003-03, University of Adelaide, School of Economics.
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