REVUE ALGERIENNE DE FINANCES PUBLIQUES
Volume 2, Numéro 1, Pages 188-197
2012-12-08
Transformation Of Central Banks Activity As A Factor In Addressing Integration Issues
Authors : Kovalenko Mykola .
Abstract
The paper investigates the current activity issues of the National Bank of Ukraine, Central Bank of Russia, and European Central Bank. Under presentday conditions, central banks exert profound influence on the integration processes between states, being able either to accelerate or impede them. The introduction by the Central banks of Ukraine and the Russian Federation of the currency-board regime has proved to result in the loss of economic sovereignty by these states for the benefit of economically developed countries of the West. This slows down considerably the potential integration so long wished for by the Ukrainian and Russian peoples.
Keywords
Central bank; government; emission; monetary base; international reserves; exchange rate; currency board; socio- economic development; integration of states;
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