APPLICATION OF THE WORLD EXPERIENCE IN REALIZATION PAYMENTS UNIONS TO CHOOSE THE OPTIMAL DIRECTIONS OF EURASIAN MONETARY AND FINANCIAL INTEGRATION IN MODERN CONDITIONS
The article is devoted to the analysis of the features and mechanism of Payment Unions (PU) in the EU, Southeast Asia, Persian Gulf countries, South America and Latin America. 2 main directions of realization of a PU are obtained - 1. PU with the introduction of a single (common) currency and 2. Based on the multilateral clearing PU. This research helps to identify and specify the terms, applicability of criteria of convergence, the degree of influence of currency and assets substitution processes; to determine the prerequisites and conditions of implementing tools taking into account transaction costs in various PU models; to evaluate the effectiveness of the implementation of PU theory in different regions.