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Currency Proliferation : The Monetary Legacy of the Soviet Union

Author

Listed:
  • Conway, P

Abstract

The fifteen newly independent republics of the former Soviet Union began 1992 with a functionning ruble area inherited from the Soviet union. Indeed, early that year, the ruble was atop the currency hit parade; no other currency served as sole legal tender across so many national borders. This essay examines the centrifugal forces at work in the ruble area.

Suggested Citation

  • Conway, P, 1995. "Currency Proliferation : The Monetary Legacy of the Soviet Union," Princeton Essays in International Economics 197, International Economics Section, Departement of Economics Princeton University,.
  • Handle: RePEc:fth:priifi:197
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    Cited by:

    1. Natalia Levenko & Karsten Staehr, 2017. "To Be or Not to Be in the Ruble Zone: Lessons from the Baltic States," CESifo Forum, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 17(04), pages 34-42, January.
    2. Cukierman, Alex & Miller, Geoffrey P. & Neyapti, Bilin, 2002. "Central bank reform, liberalization and inflation in transition economies--an international perspective," Journal of Monetary Economics, Elsevier, vol. 49(2), pages 237-264, March.
    3. Patrick Conway, 2017. "Lessons from the Collapse of the Transferable Ruble System and the Joint Currency of Former CMEA Countries for the Eurozone," CESifo Forum, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 17(4), pages 48-53, January.
    4. Patrick Conway, 2017. "Lessons from the Collapse of the Transferable Ruble System and the Joint Currency of Former CMEA Countries for the Eurozone," CESifo Forum, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 17(04), pages 48-53, January.

    More about this item

    Keywords

    USSR ; CURRENCIES ; EXCHANGE RATE;
    All these keywords.

    JEL classification:

    • F31 - International Economics - - International Finance - - - Foreign Exchange

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