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The CIS - Does the Regional Hegemon Facilitate Monetary Integration?

Mayes, David G., and Korhonen, Vesa. (2007) The CIS - Does the Regional Hegemon Facilitate Monetary Integration? In: UNSPECIFIED, Montreal, Canada. (Unpublished)

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    Abstract

    We consider the likely economic impact and prospects for monetary integration among Belarus, Kazakhstan, the Russian Federation and Ukraine as part of the Single Economic Space they have agreed to set up. A monetary union among these countries poses three interesting issues for the structure and process of integration: they have already been members of a wider cur-rency union that collapsed, so it is necessary to handle the problems of his-tory; secondly the union would be of very unequal size with the Russian Federation outweighing the others taken together, so we must consider how the national interests would be balanced; lastly natural resources, particu-larly oil and gas pose problems for dependence and for the determination of the external exchange rate.

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    Item Type: Conference or Workshop Item (UNSPECIFIED)
    Uncontrolled Keywords: Monetary union; Commonwealth of Independent States (CIS); economic integration.
    Subjects for non-EU documents: EU policies and themes > External relations > EU-Commonwealth of Independent States (CIS)
    Countries > Russia
    EU policies and themes > External relations > EU-Asia-general > Central Asia
    Countries > Ukraine
    Countries > Belarus
    Subjects for EU documents: UNSPECIFIED
    EU Series and Periodicals: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Conference: European Union Studies Association (EUSA) > Biennial Conference > 2007 (10th), May 17-19, 2007
    Depositing User: Phil Wilkin
    Official EU Document: No
    Language: English
    Date Deposited: 09 Jul 2008
    Page Range: p. 25
    Last Modified: 15 Feb 2011 17:51
    URI: http://aei.pitt.edu/id/eprint/7971

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