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Russian and Belarus monetary union: Phantom or reality?

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  • Monetary Integration
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Intereconomics

Abstract

As of January 1, 2004, the Belarus rouble has been pegged to the Russian rouble. This is intended as a first step towards monetary union, which it is planned should come into force on January 1, 2005. This plan presupposes the successful resolution of a number of difficult political and economic problems, however, and it is by no means certain that the plan will not later be abandoned.

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Authors and Affiliations

  1. Baltic Institute of Economy and Finance, Kaliningrad, Russia

    Vladimir Chaplygin

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  1. Vladimir Chaplygin
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This paper was supported by the Academician Nikolai Fedorenko International Scientific Foundation of Economic Research (Russia), grant N 2002-031. The author wishes to express his thanks to Andrew Hughes Hallett (University of Strathclyde), Christian Richter (Cardiff Business School) and Beate Reszat (HWWA) for valuable comments.

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Chaplygin, V. Russian and Belarus monetary union: Phantom or reality?. Intereconomics 39, 29–35 (2004). https://doi.org/10.1007/BF03032204

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