The Possibility of Using a Collective Settlement Unit on the Territory of the EEU: International Standards and Foreign Experience


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Abstract

The article examines the conditions necessary for the high-quality functioning of the supranational payment system at the regional level of the EEU. Based on the analysis of international technical and methodological standards in the field of payment and settlement systems, as well as the experience of various regional associations, the advantages and disadvantages of using collective settlement units are shown. The author comes to the conclusion that the introduction of a unified currency can be carried out only at one of the final stages of a long integration process.

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About the authors

Tatiana V. Belyanchikova

Financial University under the Government of the Russian Federation

Email: maestra_@mail.ru
Cand. Sci. (Econ.), Associate Professor Moscow, Russian Federation

References

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  4. ISO 20022 Implementation Project http://www.cbr.ru /psystem/s_t_20022/
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