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Coherence of economic policy against the background of dollarization of the economies of the EEU countries
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32 Политика
Date of publication
30.12.2020
Public year
2020
DOI
10.18254/S271332140013113-1
Coherence of economic policy against the background of dollarization of the economies of the EEU countries
Annotation

The article is devoted to dollarizaton process, because the United States is now receiving greater economic and political power from dollar hegemony. This leads not only to the exercise of sovereignty in monetary regulation, but also hinders the integration processes: prevents the development of its own currency and financial market and limits the turnover of the national currency.

The research objective is the need for a detailed study of the concepts of "dollarization" of the economy, its classifications and approaches to conduct the most comprehensive analysis of the processes of dollarization-de-dollarization within the Eurasian Union.

The paper presents a classification of dollarization forms that served as a basis for empirical research and structural analysis of the level of dollarization in the EEU countries from the standpoint of monetary and financial approaches. In addition, calculations were carried out to determine the feasibility of introducing a single currency within the EEU.

Research methods: analysis of statistical data, hypotheses, theories and literature on the research topic, comparative method, classification, analytical method, generalization and observation.

A structural study of dollarization will give an idea of what tools are needed to strengthen the domestic monetary and financial sector and stabilize the national currency. The General analysis allowed to share the specifics of currency substitution in the partner countries, to see the current trends and prospects for the restoration of the role of domestic currencies.

 

About authors
Alena Dudkova
Business analyst
References

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