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Integrated currency market of the eurasian economic spaceand settlements in national currencies: myths or reality?
https://doi.org/10.32609/0042-8736-2014-8-41-57
Abstract
The article highlights integration processes and the rising demand for the use of national currencies. The creation of an integrated currency market of the Eurasian Economic Space should enhance the role of national currencies. Formation of the single exchange space would generate direct market quotes and conduct exchange operations with national currencies directly without US dollar and euro, carry out cross-border payments in national currencies.
Keywords
integrated currency market,
Russian ruble,
RUB,
national currencies,
FX market,
settlements,
volume of trade
JEL: F15, F36, F42, G15
About the Authors
V. Mishina
Moscow Exchange (Moscow, Russia)
Russian Federation
Russian Federation
L. Khomyakova
Interstate Bank, Financial University under the Government of RF (Moscow, Russia)
Russian Federation
Russian Federation
References
1. Krasavina L. N., Khomyakova L. I. (2013). Internationalization of Russian Ruble: Tendencies and Prospects. Bryansk: Bryanskoe SRP VOG.
2. Mishina V. Yu., Kuprin A. I. (2013). Integrated Currency Market of the CIS: Moving from Theory to Practice // Evraziiskaya Ekonomicheskaya Integratsiya. No 1. P. 33—45.
3. Mishina V. Yu., Karpova K. A. (2014). International Operations with National Currencies of Russia and China // Bankovskoe Delo. No 5. P. 8—13.
4. Khomyakova L. I. (2013). Integrated Currency Market of the EurAsEC: Payments and Trade // Rossiiskoe Predprinimatelstvo. No 1. P. 17—26.
5. IMF (2014). World Economic Outlook. Washington. April.
Review
For citations:
Mishina V., Khomyakova L. Integrated currency market of the eurasian economic spaceand settlements in national currencies: myths or reality? Voprosy Ekonomiki. 2014;(8):41-57. (In Russ.) https://doi.org/10.32609/0042-8736-2014-8-41-57
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