A Common Currency for Belarus and Russia? /

This paper discusses costs, benefits, and implementation challenges of a possible currency union between Belarus and Russia. It shows that Belarus and Russia are economically closely linked but nevertheless do not fulfill all "optimal currency area" criteria, especially the macroeconomic s...

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Hlavní autor: Prokopenko, Vassili
Další autoři: Gulde, Anne, Jafarov, Etibar
Médium: Časopis
Jazyk:English
Vydáno: Washington, D.C. : International Monetary Fund, 2004.
Edice:IMF Working Papers; Working Paper ; No. 2004/228
On-line přístup:Full text available on IMF
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100 1 |a Prokopenko, Vassili. 
245 1 2 |a A Common Currency for Belarus and Russia? /  |c Vassili Prokopenko, Etibar Jafarov, Anne Gulde. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2004. 
300 |a 1 online resource (33 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a This paper discusses costs, benefits, and implementation challenges of a possible currency union between Belarus and Russia. It shows that Belarus and Russia are economically closely linked but nevertheless do not fulfill all "optimal currency area" criteria, especially the macroeconomic symmetry condition. Furthermore, we argue that the different speeds of economic liberalization over the past decade have resulted in different economic structures, with Belarus still dependent on monetary financing of budgets and industries. However, a final cost-benefit analysis also needs to consider that currency unification may bring substantial benefits from reduced transaction costs, an improved macroeconomic environment in Belarus, and by acting as a catalyst to advance structural reforms in Belarus. 
538 |a Mode of access: Internet 
700 1 |a Gulde, Anne. 
700 1 |a Jafarov, Etibar. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2004/228 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2004/228/001.2004.issue-228-en.xml  |z IMF e-Library