Convergence Analysis of Russia and Belarus Economies in Conditions of Monetary Integration
AbstractIn this paper, the author distinguishes the main ideas of the theory of Optimal Currency Area (OCA). This work explains the main features, which help to understand the differences between an Optimum Currency Area and Currency Union. This paper also itemizes main benefits and costs for countries when they create a single currency zone.In the framework of research, the author carries out a qualitative comparative analysis of the economies of Russia and Belarus and identify the main directions of their economic development.
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Bibliographic InfoPaper provided by Belarusian Economic Research and Outreach Center (BEROC) in its series BEROC Working Paper Series with number 17.
Length: 26 pages
Date of creation: Sep 2012
Date of revision:
Belarus; optimal currency area; currency union; economic and monetary integration;
Find related papers by JEL classification:
- F42 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - International Policy Coordination and Transmission
- F31 - International Economics - - International Finance - - - Foreign Exchange
- F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions
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