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Assessment of financial convergence of Ukraine with the CIS countries and the European Union

Author

Listed:
  • Kozmenko, Serhiy
  • Savchenko, Taras
  • Kazarinov, Dmytro

Abstract

The article evaluates the financial convergence criteria of Ukraine with the major countries of the Commonwealth of Independent States: Russia, Kazakhstan and Belarus. It also studies the criteria of financial convergence of Ukraine with its main trading partners in Europe: the Eurozone, Poland, Hungary and the Czech Republic. Using the results of the comparative analysis the conclusion has been made that Ukraine has a bigger financial convergence with the CIS countries.

Suggested Citation

  • Kozmenko, Serhiy & Savchenko, Taras & Kazarinov, Dmytro, 2012. "Assessment of financial convergence of Ukraine with the CIS countries and the European Union," MPRA Paper 50782, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:50782
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    File URL: https://mpra.ub.uni-muenchen.de/50782/1/MPRA_paper_50782.pdf
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    References listed on IDEAS

    as
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    3. Feldstein, Martin & Horioka, Charles, 1980. "Domestic Saving and International Capital Flows," Economic Journal, Royal Economic Society, vol. 90(358), pages 314-329, June.
    4. Junichi Goto & Koichi Hamada, 1994. "Economic Preconditions for Asian Regional Integration," NBER Chapters, in: Macroeconomic Linkage: Savings, Exchange Rates, and Capital Flows, pages 359-388, National Bureau of Economic Research, Inc.
    5. Nazrul Islam, 2003. "What have We Learnt from the Convergence Debate?," Journal of Economic Surveys, Wiley Blackwell, vol. 17(3), pages 309-362, July.
    6. repec:zbw:bofitp:2007_016 is not listed on IDEAS
    7. Michael Sturm & Nikolaus Siegfried, 2005. "Regional monetary integration in the member states of the Gulf Cooperation Council," Occasional Paper Series 31, European Central Bank.
    8. Weimann, Marco, 2003. "OCA theory and EMU Eastern enlargement: An empirical application," Research Notes 8, Deutsche Bank Research.
    9. Sturm, Michael & Siegfried, Nikolaus, 2005. "Regional monetary integration in the member states of the Gulf Cooperation Council," Occasional Paper Series 31, European Central Bank.
    10. Frankel, Jeffrey A, 1992. "Measuring International Capital Mobility: A Review," American Economic Review, American Economic Association, vol. 82(2), pages 197-202, May.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Michał Fronc & Piotr Mielus, 2017. "Financial convergence on emerging markets: the case of CEE countries," Bank i Kredyt, Narodowy Bank Polski, vol. 48(2), pages 149-172.

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    More about this item

    Keywords

    economic integration; financial convergence evaluation criteria; financial convergence of Ukraine with the CIS countries; financial convergence of Ukraine with the EU countries.;
    All these keywords.

    JEL classification:

    • E40 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - General
    • F50 - International Economics - - International Relations, National Security, and International Political Economy - - - General

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