Abstract
Recently economists have been paying a lot of attention to the issues of monetary integration, while the accompanying discussions lead to pointing out its advantages and disadvantages and, as a result, evaluating the need for monetary unification of countries and its effectiveness. Identifying the benefits and costs of monetary integration, which is the basis of the theory of optimal currency zones, makes it possible to analyze the expediency of forming monetary unions between the countries in the world. The article is devoted to the presentation of the positive and negative effects of monetary integration on the economies of the member states of the integration group, which were highlighted as a result of the study of the theoretical foundations of optimal currency areas.
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