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A Common Currency for Belarus and Russia?, Vassili Prokopenko, Etibar Jafarov, Anne Gulde

Abstract
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
Table Of Contents
""Contents""; ""I. INTRODUCTION""; ""II. THE PROPOSED CURRENCY UNION ""; ""III. THEORETICAL CONSIDERATIONS""; ""IV. ECONOMIC COSTS AND BENEFITS OF CURRENCY UNIFICATION BETWEEN BELARUS AND RUSSIA""; ""V. IS OPERATIONAL ENVIRONMENT SUPPORTIVE OF A CURRENCY UNIFICATION OF BELARUS AND RUSSIA? ""; ""VI. CONCLUSION""; ""REFERENCES""
Language
eng
Literary Form
non fiction
Note
Description based upon print version of record
Physical Description
1 online resource (33 p.)
Specific Material Designation
remote
Form Of Item
online
Isbn
9786613824226

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