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On the Efficiency of the Hypothetical Collective Currency for the BRICS Countries
 
PIIS013128120006100-1-1
DOI10.31857/S013128120006100-1
Publication type Article
Status Published
Authors
Mikhail Zharikov 
Affiliation: Institute of World Economy and International Finance, Financial University under the Government of the Russian Federation
Address: Russian Federation
Journal nameProblemy Dalnego Vostoka
EditionIssue 4
Pages93-103
Abstract

The relevance of the article is manifested by the fact that in modern conditions of instability in the world currency market inclusive (collective) approaches are needed to minimize the impact of exchange rate fluctuations on export-import operations of the BRICS countries. The purpose of the article is to justify the possibility of transition of the BRICS countries to a common (collective) unit of account. The subject of the article is the methods and techniques to identify the economic effect associated with the adoption of a new collective currency. The article presents the effective data that can be used to assess this effect.

KeywordsBRICs countries, inclusive (collective) development, collective currency, common economic policy of BRICS countries, efficiency of transition to a new collective currency in mutual settlements
AcknowledgmentThe article was prepared based on the results of studies carried out at the expense of budget funds on a state assignment to the Financial University as part of a fundamental research work on the topic “Competition of currencies in the world monetary system”.
Received23.09.2019
Publication date23.09.2019
Number of characters36241
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