The Entry of BRICS Currency and Exit of Dollar: Evidence from International Trade Theories and Policy Implications

Pazhanisamy R

MPRA Paper from University Library of Munich, Germany

Abstract: The purpose of this paper is to explore the impact of BRICS unions’ currency on the Dollar and its performances on international trade among the nations. The compound reviews of literature on the classical, neo classical and modern theories of trade reveals the non existence of research works on the multinational union currencies and its impact on the validity of the dollar and the economic gain of the nations and its influence over the trade activities for which this attempt is made. Due to lack of availability of the numerical data on the new currency and its impact over the economics through trade the graphical approach is used with the logical realistic assumptions and justified how the value of currencies of BRICS nations in international market would certainly be appreciate. It also portrays that how simultaneously the dominant dollar depreciate its value through the market forces of demand and supply changes in the global scale

Keywords: BRICS currency; Alternative to Dollar; Gain from trade; Value of currency in the international market; Foreign Exchange Exploitation; Solutions to US sanction (search for similar items in EconPapers)
JEL-codes: E44 E51 E58 F23 F3 F33 F36 F38 F52 F55 G15 G21 P51 (search for similar items in EconPapers)
Date: 2024-01-03, Revised 2024-03-23
New Economics Papers: this item is included in nep-cis, nep-ifn, nep-int, nep-inv, nep-mon and nep-opm
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https://mpra.ub.uni-muenchen.de/120570/1/MPRA_paper_120538.pdf revised version (application/pdf)

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