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The Political Economy of Monetary Integration in Transition Countries

Author

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  • Tatiana Papiashvili

    () (International Black Sea University)

Abstract

Monetary integration of developing and transition countries is considered as a monetary strategy for immunization against international monetary instabilities. This paper corresponds to the growing interest in the integration theory and its application to the EMU formation and to EMU enlargement. The paper shows a new level of understanding of the monetary integration issues that opens new opportunities for developing countries and countries with transitional economy to integrate in global economy through non-traditional method such as euroization. Advantages and disadvantages of euroization are analyzed.

Suggested Citation

  • Tatiana Papiashvili, 2009. "The Political Economy of Monetary Integration in Transition Countries," IBSU Scientific Journal, International Black Sea University, vol. 3(1), pages 5-20.
  • Handle: RePEc:ibl:journl:v:3:y:2009:i:1:p:5-20
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    File URL: https://journal.ibsu.edu.ge/index.php/ibsusj/article/download/65/130
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    More about this item

    Keywords

    Monetary integration; Optimum Currency Area; transition countries; euroization.;

    JEL classification:

    • P48 - Economic Systems - - Other Economic Systems - - - Political Economy; Legal Institutions; Property Rights; Natural Resources; Energy; Environment; Regional Studies
    • P26 - Economic Systems - - Socialist Systems and Transition Economies - - - Political Economy

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