The Reasons of the Collapse of the Ruble Zone
This paper has mainly a historical character and analyzes the causes of the monetary disintegration of the FSU, stages of this disintegration, and macroeconomic consequences of this process. The second section is devoted to a brief discussion of the economic and political condition of the successful existence of the common currency area. In section 3, I describe the process of monetary disintegration that already started at the end of 1990 when the Soviet Union still existed. Section 4 illustrates the process of monetary disintegration in 1992-1993, after the dissolution of USSR. Section 5 presents a picture about the most important initiative to rebuild the ruble area in 1992-1994. Finally, section 6 contains the discussion on macroeconomic and other consequences of continuing the common currency despite the political disintegration.
|Date of creation:||1995|
|Contact details of provider:|| Postal: Aleja Jana Pawla II, 61, 01-031 Warsaw|
Phone: +48 22 206 29 00
Fax: +48 22 206 29 01
Web page: http://www.case-research.eu/
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Val Samonis, 1995. "Transforming the Lithuanian Economy: from Moscow to Vilnius and from Plan to Market," CASE Network Studies and Analyses 0042, CASE-Center for Social and Economic Research.