Monetary Factor in Economic Integration of the CIS Countries

Abstract

On the basis of experienсe of international regional economic unions the authors prove the necessity of monetary cooperation among the CIS countries as a precondition of development of economic integration in the CIS. Basic principles of the concept of monetary and financial cooperation of the CIS countries developed at the Institute of Market Problems of RAS are discussed. The authors propose a new system of multilateral payments and settlements among the CIS countries in order to enhance their mutual economic cooperation.