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Assessment of CIS Countries Readiness for Creation of Currency Union

Listed author(s):
  • Knobel, A.

    (Center of International Trade, Russian Presidential Academy of National Economy and Public Administration, Moscow, Russia
    International Trade Department, Gaidar Institute for Economic Policy, Moscow, Russia)

  • Mironov, A.

    (Institute of Applied Economic Research, Russian Presidential Academy of National Economy and Public Administration, Moscow, Russia)

The authors analyze the CIS countries' potential readiness to establish a currency union. Based on Optimum Currency Area (OCA) criteria that determine the countries' readiness to form a currency union and some particular benefits and costs of a currency union several macroeconomic indicators are determined area. The authors analyze the period following the final transformation of CIS countries' economies from centrally planned to the market ones - from 1999 to 2011. The paper also tests the stability of the results obtained to check the adequacy of obtained estimates and for ranging countries by their matching OCA criteria.

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Article provided by New Economic Association in its journal Journal of the New Economic Association.

Volume (Year): 25 (2015)
Issue (Month): 1 ()
Pages: 76-101

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Handle: RePEc:nea:journl:y:2015:i:25:p:76-101
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