Brazil's Vector of Dedollarization of Trade and Settlements between BRICS Countries
Conference Paper. Russia and Iberoamerica in the global world. Fouth International Forum, Saint Petersburg, 2019.
Posted: 7 Jan 2020
Date Written: October 2, 2019
The resultant backlash is accelerating monetary dialogue among the BRICS countries through their common financial institutions (BRICS NDB, BRICS CRA) in the rise of protectionism, current account imbalances, currency mismatches, mounting strains on national banks, increasing external shocks on payments systems. Analytically, this study is based on the quantitative parameters of intra-BRICS trade from 2009-2018, the exchange rate statistics and indicators (NER, REER).
Keywords: BRICS, exchange rates, export growth, trade settlements, dollarization
JEL Classification: F14, F31, F33, F36
Suggested Citation: Suggested Citation