Nice work. The economics of a BRICS currency certainly doesn't work, but I think the politics would be even more challenging. It's one thing for Western countries to come to a Plaza Accord or develop a currency block but the BRICS nations? The level of trust required just isn't even close, and for good reasons.
Nice work. The economics of a BRICS currency certainly doesn't work, but I think the politics would be even more challenging. It's one thing for Western countries to come to a Plaza Accord or develop a currency block but the BRICS nations? The level of trust required just isn't even close, and for good reasons.
Agreed