The Political Economy of Monetary Integration in Transition Countries

Tatiana Papiashvili ()
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Tatiana Papiashvili: International Black Sea University

IBSU Scientific Journal, 2009, vol. 3, issue 1, 5-20

Abstract: Monetary integration of developing and transition countries is considered as a monetary strategy for immunization against international monetary instabilities. This paper corresponds to the growing interest in the integration theory and its application to the EMU formation and to EMU enlargement. The paper shows a new level of understanding of the monetary integration issues that opens new opportunities for developing countries and countries with transitional economy to integrate in global economy through non-traditional method such as euroization. Advantages and disadvantages of euroization are analyzed.

Keywords: Monetary integration; Optimum Currency Area; transition countries; euroization. (search for similar items in EconPapers)
JEL-codes: P26 P48 (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:ibl:journl:v:3:y:2009:i:1:p:5-20

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