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Convergence Analysis of Russia and Belarus Economies in Conditions of Monetary Integration


  • Anastasiya Luzgina


In 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.

Suggested Citation

  • Anastasiya Luzgina, 2012. "Convergence Analysis of Russia and Belarus Economies in Conditions of Monetary Integration," BEROC Working Paper Series 17, Belarusian Economic Research and Outreach Center (BEROC).
  • Handle: RePEc:bel:wpaper:17

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    File Function: First version, 2012
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    More about this item


    Belarus; optimal currency area; currency union; economic and monetary integration;
    All these keywords.

    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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