Assessment of CIS Countries Readiness for Creation of Currency Union

Alexander Knobel and A. Mironov
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A. Mironov: Institute of Applied Economic Research, Russian Presidential Academy of National Economy and Public Administration, Moscow, Russia

Journal of the New Economic Association, 2015, vol. 25, issue 1, 76-101

Abstract: The authors analyze the CIS countries' potential readiness to establish a currency union. Based on Optimum Currency Area (OCA) criteria that determine the countries' readiness to form a currency union and some particular benefits and costs of a currency union several macroeconomic indicators are determined area. The authors analyze the period following the final transformation of CIS countries' economies from centrally planned to the market ones - from 1999 to 2011. The paper also tests the stability of the results obtained to check the adequacy of obtained estimates and for ranging countries by their matching OCA criteria.

Keywords: monetary union; optimal currency area; integration; exchange rate (search for similar items in EconPapers)
JEL-codes: E42 F33 F36 (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (3)

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Related works:
Working Paper: Assessment of CIS Countries Readiness for Creation of Currency Union (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:nea:journl:y:2015:i:25:p:76-101

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