Abstract
In this article the authors study individual issues of monetary integration in the Commonwealth of Independent States (CIS). The role of fiscal policy in the monetary union is analyzed from the perspective of the stabilization of economic development, and the stabilization policies of CIS countries' fiscal systems are analyzed empirically. Issues involving the possible role of foreign trade in monetary integration are examined in terms of potential costs and benefits. Hypotheses are stated and assessed in relation to the structure of transactions costs.
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