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Potential costs and benefits of monetary integration in the Eurasian Economic Union

E. Vinokurov, M. Demidenko and D. Korshunov.
Authors registered in the RePEc Author Service: Евгений Юрьевич Винокуров ()


Abstract: The Treaty of the Eurasian Economic Union (EAEU), in force in 2015, marked the transition to the deep regional economic integration, including the coordination of macroeconomic and monetary poliсies. The paper provides quanti­tative analysis of the costs and benefits of the ultimate scenario, namely of the hypothetical monetary union. The analysis indicates that the monetary union would require a large-scale preparatory work by the EAEU member states and is justified only in the long term.

Keywords: Eurasian Economic Union; monetary policy; monetary union; common market; macroeconomic convergence. (search for similar items in EconPapers)
JEL-codes: F42 F45 F53 (search for similar items in EconPapers)
Date: 2017
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