Currency Proliferation: The Monetary Legacy of the Soviet Union

P Conway

Princeton Studies in International Economics from International Economics Section, Departement of Economics Princeton University,

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.

Keywords: USSR; CURRENCIES; EXCHANGE RATE (search for similar items in EconPapers)
JEL-codes: F31 (search for similar items in EconPapers)
Date: 1995
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Address: International Finance Section, Department of Economics Princeton University, Princeton, New Jersey, U.S.A
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