Vinokurov E., Demidenko M., Korshunov D. (2017) Potential Costs and Benefits of Monetary Integration in the Eurasian Economic Union. Voprosy Ekonomiki, 2, pp. 75–96.

06 March 2017

Vinokurov E., Demidenko M., Korshunov D. (2017) Potential Costs and Benefits of Monetary Integration in the Eurasian Economic Union. Voprosy Ekonomiki, 2, pp. 75–96.

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.

JEL: Е52, Е61, Е63, F42, F45, F53.

Keywords: Eurasian Economic Union, monetary policy, monetary union, common market, macroeconomic convergence.


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