BRICS - Is A Common Currency Such A Good Idea?

... reserve currency”. To put things into perspective a comparison with the most widely discussed monetary union would seem only appropriate. The Eurozone. According to the classifications a monetary and fiscal union is the last stage before complete economic integration - which inevitably implies the total harmonisation of the economic, monetary, fiscal and trade policy of all of the member states. However the on-going eurozone crisis has made many doubt the effectiveness of the union. Taking this ...