Kozmenko, Serhiy and Savchenko, Taras and Kazarinov, Dmytro (2012): Assessment of financial convergence of Ukraine with the CIS countries and the European Union. Published in: Banks and Bank Systems , Vol. 7, No. 4 (21 December 2012): pp. 5-17.
Preview |
PDF
MPRA_paper_50782.pdf Download (709kB) | Preview |
Abstract
The article evaluates the financial convergence criteria of Ukraine with the major countries of the Commonwealth of Independent States: Russia, Kazakhstan and Belarus. It also studies the criteria of financial convergence of Ukraine with its main trading partners in Europe: the Eurozone, Poland, Hungary and the Czech Republic. Using the results of the comparative analysis the conclusion has been made that Ukraine has a bigger financial convergence with the CIS countries.
Item Type: | MPRA Paper |
---|---|
Original Title: | Assessment of financial convergence of Ukraine with the CIS countries and the European Union |
English Title: | Assessment of financial convergence of Ukraine with the CIS countries and the European Union |
Language: | English |
Keywords: | economic integration, financial convergence evaluation criteria, financial convergence of Ukraine with the CIS countries, financial convergence of Ukraine with the EU countries. |
Subjects: | E - Macroeconomics and Monetary Economics > E4 - Money and Interest Rates > E40 - General F - International Economics > F5 - International Relations, National Security, and International Political Economy > F50 - General |
Item ID: | 50782 |
Depositing User: | Serhiy M. Kozmenko |
Date Deposited: | 28 Oct 2013 14:38 |
Last Modified: | 02 Oct 2019 08:32 |
References: | 1. Alesina, A. Optimum Currency Areas / A. Alesina, R. Barro and S. Tenreyro // NBER Working Paper. – 2002. – № 9072. – 49 р. 2. Brada, J.C. Real and monetary convergence within the European Union and between the European Union and candidate countries: A rolling cointegration approach / J.C. Brada, A.M. Kutan, S. Zhou. – Access: http://econstor.eu/bitstream/10419/39481/1/35120847X.pdf. 3. David G. Mayes and Vesa Korhonen: The CIS – does the regional hegemon facilitate monetary integration? / Bank of Finland Discussion Papers 16. – 2007. 4. Dogovir pro zonu vil’noyi torgivli vid 18 zhovtnya 2011 [Agreement on the free trade zone from October 18, 2011] // http://zakon2.rada.gov.ua/laws/show/997_n25/page. 5. Drobyshevsky, S. The Perspectives on a Currency Union in the CIS / Drobyshevsky, S.D. Polevoy. – Access: http:// www.cepii.fr/anglaisgraph/communications/pdf/2005/16170305/Drobyshevsky.pdf. 6. Feldstein, M. Domestic Saving and International Сapital / M. Feldstein, C. Horioka // Economic Journal, 1980. – Vol. 90. – pp. 314-329. 7. Goto J. Economic Preconditions for Asian Regional Integration / J. Goto, K. Hamada // Chapter in NBER book Macroeconomic Linkage: Savings, Exchange Rates, and Capital Flows, 1994. – pp. 359-388. 8. Frankel, J. Measuring International Capital Mobility: A Review // American Economic Review. – 1992. – Vol. 82, No. 2. – pp. 197-202. 9. Frankel, J., Rose A. The Endogeneity of the Optimum Currency Area Criterion / J. Frankel // The Economic Journal, 1998. – Vol. 108 (449). – рр. 1009-1025. 10. International Financial Statistics – International Monetary Fund. May 2012 – 1 electronic disk (CD-ROM). – System requirements: 90 MHz, 16 MB RAM; Windows 95 (98, XP). 11. Islam, N. What have We Learnt from the Convergence Debate? // Journal of Economic Surveys, 2003. – Vol. 17 (3). – pp. 309-362. 12. Konstepstiya sotrudnichestva i koordinatsii gosudarst-uchastnikov sodruzhestva v valyutnoy sfere [The concept of cooperation and coordination of commonwealth’s member states in the exchange area] // Accepted by the Council of the head of the government of CIS countries on September 15, 2004 // http://zakon1.rada.gov.ua/laws/show/997_771. 13. Kucerova, Z. The OCA Theory and its Application to Central and Eastern European Countries / Z. Kucerova. – Access: www.soc.uoc.gr/calendar/.../KUCEROVA.ppt. 14. National accounts main aggregate database of the Economic Statistics Branch of the United Nations Statistics Division// http://unstats.un.org/unsd/snaama/selbasicFast.asp. 15. Osnovni metodychni polozhennya rozrakhunku indeksu real’nogo obminnogo kursu (REOK) hryvni [The main methodical statements of calculation of the real exchange rate of hrivna] // http://www.bank.gov.ua/doccatalog/document?|id=51855. 16. Platizhnyy balans i zovnishniy borg Ukrainy [Balance of payments and external debt of Ukraine]. Available at: http://www.bank.gov.ua/doccatalog/document?id=125319. 17. Soglasheniye ob osnovnykh printsipakh politiki v oblasti valyutnogo regulirovaniya i valyutnogo kontrolya v gosudarstvakh-uchastnikakh SNG [Agreement on the basic politics principals in the area of monetary regulation and monetary control in the CIS countries]/ St. Petersburg, October 18, 2011 // http://zakon2.rada.gov.ua/laws/show/997_n99. 18. Sturm, M. Regional monetary integration in the member states of the Gulf Cooperation Council / M. Sturm, N. Siegfried / European Central Bank // Оccasional paper series, 2005. – No. 31. – 32 р. 19. The official site of Interstate statistis committee of the CIS countries // http://www.cisstat.com/. 20. UK membership of the single currency: An assessment of the five economic tests // HM Treasury. – June, 2003. – Access: http://hm-treasury.gov.uk/d/single.pdf. 21. Weimann, M. OCA theory and EMU Eastern enlargement – an empirical application // Deutsche Bank Research. – 2003. – No. 8. – 33 p. 22. World DataBank. – Access: http://databank.worldbank.org/data/home.aspx. |
URI: | https://mpra.ub.uni-muenchen.de/id/eprint/50782 |