National Currencies in Foreign Trade Transactions: International Experience and Results

Kristina Shvandar and Artur V. Glazunov ()
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Artur V. Glazunov: Ministry of Finance of the Russian Federation, Moscow 109097, Russia

Finansovyj žhurnal — Financial Journal, 2017, issue 4, 122-135

Abstract: The article is devoted to the analysis of foreign experience of studying the factors explaining the use of international and national currencies in foreign trade. Recently, the interest in these issues has increased significantly due to the active efforts of the EAEU countries to disclose the integration potential, in particular through the expansion of settlements in national currencies to minimize costs and risks. Since the beginning of 2017 the Eurasian Economic Commission has begun preparations for the research based on a survey on the use of national currencies in settlements between the EAEU countries. In light of this process special attention is paid in this article to foreign approaches to information support for the analysis of the use of currencies in foreign trade operations, the organization of surveys, the sampling of the companies under study, and the analysis of the reasons for success research.

Keywords: national currency; settlements on foreign trade operations; currency structure of settlements; countries of the EAEU; trading partners (search for similar items in EconPapers)
JEL-codes: F10 F14 F31 (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:fru:finjrn:170410:p:122-135

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