The Possibility of Using a Collective Settlement Unit on the Territory of the EEU: International Standards and Foreign Experience
- Authors: Belyanchikova T.V.1
-
Affiliations:
- Financial University under the Government of the Russian Federation
- Issue: Vol 17, No 5 (2021)
- Pages: 102-109
- Section: Articles
- URL: https://journals.eco-vector.com/2541-8025/article/view/532206
- ID: 532206
Cite item
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.
Full Text
![Restricted Access](https://journals.eco-vector.com/lib/pkp/templates/images/icons/text_lock.png)
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
- Zharikov M.V. Theoretical foundations of the mechanism of transition of the EAEU countries to a single currency. In the collection: Actual problems of economic development of the EAEU member states. collection of materials of the interuniversity scientific and practical conference. 2017. pp. 11-14.
- Korol O.V. Prospects for the creation of a single currency in the EAEU // Scientific Notes of the International Banking Institute. 2016. No. 15. pp. 31-40.
- Malashtanova A.V., Linkevich E.F. About the possibilities of using the single currency in settlements between the EAEU countries. In the collection: Management of the economy, systems, processes. collection of articles of the II International Scientific and Practical Conference. 2018. pp. 141-144.
- ISO 20022 Implementation Project http://www.cbr.ru /psystem/s_t_20022/
- Working Group on Coordination of Development of National Payment Systems https://www.nbrb.by/payment/iso20022 /obshchaya-informaciya-o-rabochej-gruppe-v-eaes.pdf
- Development of the Bank of Russia's payment system http://www.cbr.ru/PSystem/develop_ps/
- Sibirskaya A.V. Objective necessity and economic mechanism of currency integration on the territory of the EAEU countries // Asia-Pacific region: economics, politics, law. 2017. Vol. 19. No. 4. pp. 79-91.
- Shchegoleva N.G., Terentyeva O.I. Currency integration in the EAEU: testing for compliance with the criteria of the optimal currency zone // Bulletin of the Academy. 2017. No. 3. pp. 17-23.
- SEPA - European Payments Council https://www.european-paymentscouncil.eu/about-sepa
Supplementary files
![](/img/style/loading.gif)