scholarly journals The Russian Rouble in the Regional and Global Dynamics

2018 ◽  
Vol 6 (4) ◽  
pp. 6-17
Author(s):  
M. Zharikov
Keyword(s):  
Currency Union ◽  
Trade Flows ◽  
Monetary Integration ◽  
Global Dynamics ◽  
Member States ◽  
Economic Relations ◽  
Relevant Today ◽  
National Currencies ◽  
Economic Union ◽  
Integration Stage

The article deals with the issues of Eurasian monetary integration. The topic is especially time-relevant today, for the deepening of the integration in Eurasia is really dependent upon the development of European Economic Union regarding a potential currency union. These regional economic relations require a common monetary market. The prospects of the future regional monetary market of the EEU member states have been proven in the article by an identified link between the mutual trade flows and the currency pair trading at the Moscow Exchange. The author strongly believes that the Eurasian monetary market is going to be an additional and transitional step on the path to achieving the integration in banking, financial and monetary spheres of the EEU member states in the unified economic environment. The author founded his conclusions on the hypothesis that this integration stage can be accomplished through the trading of the national currencies of the EEU member states at the Moscow Exchange.

scholarly journals On Prospects of the Development of Criminal Laws of the Eurasian Economic Union Member States Ensuring Protection of National Interests in International Trade

2021 ◽  
Vol 1 ◽  
pp. 21-25
Author(s):  
Valeriy F. Lapshin ◽  
◽  
Nadezhda V. Kuznetsova ◽  
Keyword(s):  
Economic Activity ◽  
Union Member ◽  
National Interests ◽  
Member States ◽  
Economic Relations ◽  
Eurasian Economic Union ◽  
Soviet Space ◽  
Economic Union ◽  
Economic Crimes ◽  
Post Soviet Space

Тhe subject of this research is the international normative acts concluded in connection with the creation of interstate unions and associations in the post-Soviet space. Attention is drawn to the active development of regulatory legislation on the specifics of economic relations between representatives of the union states, in the complete absence of any processes of unification of national criminal law in the field of foreign economic activity. The emerging situation can significantly complicate the implementation of international foreign economic cooperation, despite the membership of states in the Eurasian Economic Union (hereinafter — the EAEU). In this regard, it is concluded that it is necessary to develop a unified EAEU normative act that defines the specifics of establishing and implementing responsibility for committing foreign economic crimes, as well as the appropriate unification of the national criminal laws of the EAEU member states.

scholarly journals Economic Cooperation Development Issues between the EAEU

2021 ◽  
Author(s):  
Jusup Pirimbaev ◽  
Anara Kamalova
Keyword(s):  
Main Idea ◽  
Economic Cooperation ◽  
The State ◽  
Member States ◽  
Economic Relations ◽  
Eurasian Economic Union ◽  
Soviet Space ◽  
Economic Union ◽  
Effective Development ◽  
Post Soviet Space

The Organization of the Eurasian Economic Union (EAEU) is the first real attempt to conduct integration processes in the post-soviet space among several states. However, the question of its expansion at the expense of other states remains open, as well as the further deepening of relations within the Union and the improvement of the mechanisms for integrating the economies of the member states. In this regard, the analysis of the state of economic relations is carried out and the ways of solving some aspects of the coming period are shown. The main idea of solving the problems of the Union is the gradual and effective development of standards for economic relations.

scholarly journals Implementation of the law of the Eurasian Economic Union in national criminal law

2019 ◽  
Vol 135 ◽  
pp. 04065
Author(s):  
Valery Lapshin ◽  
Nadezhda Kuznetsova
Keyword(s):  
Criminal Law ◽  
Economic Security ◽  
Member States ◽  
National Legislation ◽  
Economic Relations ◽  
Eurasian Economic Union ◽  
Political Interests ◽  
Soviet Space ◽  
Economic Union ◽  
Post Soviet Space

Currently, one can observe the process of active economic integration and cooperation, in the post-Soviet space. This is possible due to mutual economic and political interests, ensuring the protection of the interests of national producers, and obtaining competitive advantages of domestic goods in comparison with similar products of Western European and Asian manufacturers. The solution to all these problems is facilitated by the creation of a single international organization of the post-Soviet space the Eurasian Economic Union (EAEU), the territory of its member states already constitutes a single customs space. Activities of the EAEU are associated with the adoption of a significant number of regulatory international legal acts. Implementation of these acts will be satisfactory only if the EAEU member states properly implement it in the national legislation. At present, several types of implementation of international law provisions in the national legislation of a particular country are distinguished in legislative activity: reception, transformation, referral, incorporation, ratification. Law enforcement practice also deserves special attention, including decisions of international courts binding in a single state. As a result of the study, the most preferred forms of implementation of the EAEU regulatory acts into the national law systems of its participants: Armenia, Belarus, Kazakhstan, Kyrgyzstan and Russia, were established. In addition, it was concluded that it is necessary to unify provisions of the criminal law of the listed states in terms of establishing liability for customs offenses. This decision will positively affect protection of both the interests of individual participants in economic relations and the economic security of each union state.

scholarly journals THE ROLE OF ASEAN EXCHANGE RATE UNIT (AERU) FOR ASEAN-5 MONETARY INTEGRATION: AN OPTIMUM CURRENCY AREA CRITERIA

2013 ◽  
Vol 15 (3) ◽  
pp. 59-88
Author(s):  
Dimas Bagus Wiranata Kusuma ◽  
Syed Mohammed Abud Ashif ◽  
Ali Musa Harahap ◽  
Muhammad Alam Omarsyah
Keyword(s):  
Exchange Rate ◽  
Monetary Union ◽  
Convergence Theory ◽  
Monetary Integration ◽  
Optimum Currency Area ◽  
Member States ◽  
Currency Area ◽  
National Currencies ◽  
Optimum Currency

The idea for regional monetary integration is grounded by the process of convergence theory within the member states. The paper analyses the possibility of monetary union in ASEAN-5 countries, Indonesia, Malaysia, Philippines, Thailand, and Singapore. In terms of volatility, by using nominal deviation indicator assessment, the ASEAN-5 currencies are suggested to peg their national currencies into Yuan since it empirically brings the lowest level of volatility, both during normal and crisis periods. Therefore, Yuan could be proposed as the anchor currency for ASEAN-5 countries. Moreover, valuing the AERU in terms of a weighed average of Yuan is important to determine which countries are considered to be an Optimum Currency Area (OCA). The results statistically suggest that all ASEAN-5 countries could be grouped as OCA according to exchange rate stability criterion.Keywords : Optimum Currency Area, AERU, ASEAN-5, Exchange Rate StabilityJEL Classification : D81, E52, F15, F36

scholarly journals ԵՎՐԱՍԻԱԿԱՆ ՏՆՏԵՍԱԿԱՆ ՄԻՈՒԹՅԱՆ ԱՆԴԱՄ ԵՐԿՐՆԵՐԻ ՓՈԽԱԴԱՐՁ ԱՌԵՎՏՐԻ ՎԵՐԼՈՒԾՈՒԹՅՈՒՆԸ/MUTUAL TRADE ANALYSIS OF EURASIAN ECONOMIC UNION MEMBER STATES/АНАЛИЗ ВЗАИМНОЙ ТОРГОВЛИ ГОСУДАРСТВ-ЧЛЕНОВ ЕВРАЗИЙСКОГО ЭКОНОМИЧЕСКОГО СОЮЗА

2019 ◽  
pp. 101-123
Author(s):  
Misak Avagyan
Keyword(s):  
Union Member ◽  
Member States ◽  
Economic Relations ◽  
Balanced Development ◽  
Trade Relations ◽  
Mutual Trade ◽  
Eurasian Economic Union ◽  
Economic Union ◽  
Structure Of Trade ◽  
Trade Analysis

The purpose of this article is to identify trends in the development of integration processes in the Eurasian Economic Union (EAEU) and present the level of trade and economic relations between the participating countries through an analysis of mutual trade between the member countries of the Union. Studying the movement and structure of trade relations between the EAEU member states, there has been identified those economic areas the development which can hence contribute to the expansion of mutual trade. To present the level of trade complementarity between member states, the author calculated the trade complementarity indexes in accordance with the commodity structure of trade of each country with other EAEU member countries and presented their estimates. Finally, some obstacles to the balanced development of mutual trade of the EAEU member countries has been laid out and a number of ways of eliminating them has been then presented.

scholarly journals Prospects for Exchange Rate Cooperation in the Eurasian Economic Union

2019 ◽  
Author(s):  
Junus Ganiev ◽  
Damira Baigonushova
Keyword(s):  
Exchange Rate ◽  
Exchange Rates ◽  
Foreign Exchange ◽  
Foreign Exchange Market ◽  
The European Union ◽  
Factors Affecting ◽  
Economic Relations ◽  
Eurasian Economic Union ◽  
National Currencies ◽  
Economic Union

Foreign exchange risk is one of the main factors affecting foreign trade and foreign investment activities. The exchange rate instability in the Eurasian Economic Union members and in Turkey, which is one of the Union’s major economic partners, constitutes one of the major economic problems. This situation inevitably affects the foreign economic relations of the countries. Therefore, the leaders of most countries such Turkey and Russia are encouraging to use national currencies in economic relations to reduce the dependence on the dollar, to provide stability in the foreign exchange market and to reduce the risk of exchange rate. One of the basic conditions for the success of these initiatives is the stability of exchange rates between national currencies. This study examines the fluctuations of exchange rates among national currencies of EAEU members and Turkey. The ERM implementation of the European Union and its applicability will be discussed as a solution.

Eurasian Economic Union: A sober look

2016 ◽  
pp. 43-60 ◽  
Author(s):  
E. Vinokurov
Keyword(s):  
The State ◽  
Customs Union ◽  
Macroeconomic Policies ◽  
Member States ◽  
Goods And Services ◽  
Eurasian Economic Union ◽  
Ongoing Work ◽  
General Rules ◽  
Economic Union ◽  
Trade And Investment

The paper appraises current progress in establishing the Customs Union and the Eurasian Economic Union (EAEU). Although the progress has slowed down after the initial rapid advancement, the Union is better viewed not as an exception from the general rules of regional economic integration but rather as one of the functioning customs unions with its successes and stumbling blocs. The paper reviews the state of Eurasian institutions, the establishment of the single market of goods and services, the situation with mutual trade and investment flows among the member states, the ongoing work on the liquidation/unification of non-tariff barriers, the problems of the efficient coordination of macroeconomic policies, progress towards establishing an EAEU network of free trade areas with partners around the world, the state of the common labor market, and the dynamics of public opinion on Eurasian integration in the five member states.

Competitiveness of energy-consuming devices: new requirements in technical regulation for sustainable development

2020 ◽  
Vol 27 (3) ◽  
pp. 11-18
Author(s):  
E.A. Sysoeva ◽  
◽  
T.A. Rozhkova ◽  
Keyword(s):  
Energy Efficiency ◽  
Energy Security ◽  
Positive Impact ◽  
The European Union ◽  
Technical Regulation ◽  
Member States ◽  
Eurasian Economic Union ◽  
Modern Level ◽  
Energy Consuming ◽  
Economic Union

The Eurasian economic Union has adopted the technical regulation «On energy efficiency requirements for energy-consuming devices» (TR EEU 048/2019), which is applied to widely used energy-consuming devices that have a significant share in the energy consumption balance and produce a significant impact on the energy security of the EEU member States. In TR EEU 048/2019 updated quantitative requirements to energy consuming devices, with new, additional requirements for energy efficiency, corresponding to modern level of the development of energy-saving technologies, and harmonization gradually introduced requirements on energy efficiency of energy consuming devices installed in a TR EEU 048/2019, with the requirements of the directives and regulations of the European Union, suggests that energy efficiency in energy-consuming products manufactured in the member States of the Eurasian economic Union, will steadily increase and it should have a positive impact on the competitiveness of energy-consuming goods produced in the territory of the Eurasian economic Union. The introduction of the EAEU TR 048/2019 is an urgent solution for ensuring energy security of the economies and the energies of the member States of the Eurasian economic Union and will promote the promotion of competitive energy-consuming products produced on the territory of the countries of the Eurasian economic Union to the international market and will allow the population to save money on acquisitions of energy efficient energy consuming devices.

The role of standardization as a key Tool of Quality Economics in the development of integration of the Eurasian Economic Union

2019 ◽  
pp. 14-19
Author(s):  
V. V. Okrepilov ◽  
A. G. Gridasov
Keyword(s):  
Economic Integration ◽  
Legal Framework ◽  
Regulatory Framework ◽  
International Standards ◽  
Member States ◽  
Scientific Methods ◽  
Goods And Services ◽  
Eurasian Economic Union ◽  
Economic Union

The presented study examines the experience of forming a regulatory framework for the integration of the Eurasian Economic Union (EAEU) member states through the example of standardization as one of the key tools of quality economics.Aim. The study analyzes the major solutions of the EAEU authorities and member countries aimed at increasing the role of standardization in the economic integration of the Union over five years of its existence.Tasks. The authors identify efficient methods for developing standardization for the integration of the EAEU states as well as the most problematic aspects in this field that need to be taken into account in the qualitative strengthening of the Union’s economy.Methods. This study uses general scientific methods of cognition to examine the activities of the EAEU authorities and member states aimed at creating a system for the economic integration of the Union during a period of its transition from separate national markets towards a single (common) market.Results. Over five years of operation in the field of stadardization, the Eurasian Economic Union has created the necessary organizational and legal framework to ensure the successful development of integration processes. The national legislation on standardization has been modernized with allowance for the harmonization of these laws. In the next five-six years, the development of international standards for 40 technical regulations is expected to be completed, which would create a regulatory framework for unhindered interaction between all participants of the single (common) EAEU market. Conclusions. The analysis of activities in the field of standardization reveals a sufficiently thought-out and coordinated policy of the EAEU states in creating the necessary conditions for overcoming legal and administrative barriers in the movement of goods and services within the common economic space of the EAEU.

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