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Financial Analytics: Science and Experience
 

Integration as dominant of currency system of CIS: factors and simulation of stages

Vol. 5, Iss. 45, DECEMBER 2012

Available online: 12 December 2012

Subject Heading: EXCHANGE MARKET

JEL Classification: 

Panaedova G.I. Doctor of Economics, Professor, Vice-Rector on scientific work, the Institute Peoples Friendship of the Caucasus, Stavropol
galina-idnk@mail.ru

Pismennay N.E. doctor of economics, professor Department of monetary credit and circulation, North-Caucasian federal university, Stavropol
pismennayne@mail.ru

In the article the doctrine of the globalization of financial markets and the global financial crisis is considered, the authors examined the evolution of modern models of currency unions, the analysis of the factors of integration currency systems. The stages of the development process of monetary integration of the CIS states are identified and described. The strategy for the gradual formation of a monetary union and the tools of monetary cooperation are offered.

Keywords: monetary system, monetary union, multipolar, world monetary system, tool, monetary cooperation

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ISSN 2311-8768 (Online)
ISSN 2073-4484 (Print)

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