Herald of the Russian Academy of Sciences

, Volume 83, Issue 2, pp 101–114 | Cite as

The euro’s internationalization and its prospects in Russia

  • D. I. Kondratov
Science and Society


The author of this article continues his investigation (see his previous article in Herald of the RAS, 2013, No. 1) of the functioning of the common European currency. The subject matter under review is, on the one hand, the euro rate dynamics during the internationalization of this monetary unit and, on the other hand, the specific case of how the euro is becoming an international currency by the example of Russia. The author’s objective is to reveal the consequences of using the euro in various segments of the Russian market for the Russian economy, as well as for the international status of the common European currency.


Exchange Rate Monetary Policy Euro Area European Central Bank Real Effective Exchange Rate 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.


Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.


  1. 1.
  2. 2.
  3. 3.
  4. 4.
    O. Butorina, International Currencies: Integration and Competition (Izd. Dom Delovaya Literatura, Moscow, 2003) [in Russian].Google Scholar
  5. 5.
    “The balance of payments and external debt of the Russian Federation over the corresponding years,” in Bank of Russia: 2002–2012.
  6. 6.
    Z. Pola ski and A. Winkler, “Russia, EU enlargement and the euro,” European Central Bank Occasional Paper Series, No. 93 (2008).Google Scholar
  7. 7.
    D. I. Kondratov, “Problems of expanding the euro area (case study on the Czech Republic),” Den’gi i Kredit, No. 10 (2010).Google Scholar
  8. 8.
    D. I. Kondratov, “Problems of expanding the Eurozone to the east (case study on Poland),” Problemy Prognozirovaniya, No. 6 (2011).Google Scholar
  9. 9.
    Russia and the European Union Member Countries 2009: A Statistics Digest (Rosstat, Moscow, 2009) [in Russian].Google Scholar
  10. 10.
    Global Currency System and the Ruble Convertibility Problem: A Collective Monograph (Mezhdunarodnye Otnosheniya, Moscow, 2006) [in Russian].Google Scholar
  11. 11.
    Elements of the Euro Area: Integrating Financial Markets, Ed. by J. Berg, M. Grande, and F. Mongelli (Ashgate, Aldershot, 2005).Google Scholar
  12. 12.
    Monetary Policy in the Euro Area: Strategy and Decision Making at the European Central Bank, Ed. by O. Issing, V. Gaspar, I. Angeloni, and O. Tristani (Cambridge Univ. Press, Cambridge, 2001).Google Scholar
  13. 13.
    The Euro and Economic Stability: Focus on Central, Eastern, and South-Eastern Europe, Ed. by E. Nowotny, P. Mooslechner, and D. Ritzberger-Grunwald (Edward Elgar, Cheltenham, 2010).Google Scholar
  14. 14.
    Triennial Central Bank Survey of Foreign Exchange and Derivatives Market Activity in 2010 (Bank for International Settlements, 2010).Google Scholar
  15. 15.
    Bank of International Settlements.
  16. 16.
    A. Verdun, The Euro: European Integration Theory and Economic and Monetary Union (Rowman & Littlefield, Lanham, 2002).Google Scholar
  17. 17.
    International Role of the Euro (European Central Bank, 2011).Google Scholar
  18. 18.
    International Role of the Euro (European Central Bank, 2012).Google Scholar
  19. 19.
    A. Rose, “One money, one market: the effect of common currencies on trade,” Economic Policy, No. 30 (2000).Google Scholar
  20. 20.
    V. Voronina and O. Dynnikova, Effects of Euro Rate Changes on Russia’s Economy (Tsentr Ekonomicheskikh i Finansovykh Razrabotok, Moscow, 2002) [in Russian].Google Scholar
  21. 21.
  22. 22.

Copyright information

© Pleiades Publishing, Ltd. 2013

Authors and Affiliations

  • D. I. Kondratov

There are no affiliations available

Personalised recommendations