Article

Comparative Economic Studies (2002) 44, 31–35; doi:10.1057/ces.2002.16

A Political Decision

Yegor Gaidar1

1Director, Institute for the Economy in Transition, Moscow

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Abstract

The paper by John Odling-Smee and Gonsalo Paster (2002) has provided new insights on the political dimensions of the IMF's stand on the ruble zone. These political issues are discussed in the general context of the early reforms in the former Soviet states and more specifically they are discussed in the context of the available options regarding maintenance or dismantling of the ruble area.

Keywords:

Monetary policy, ruble area, national currencies

JEL Classifications:

E52; F33; F42; P24

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