BRICS - Is A Common Currency Such A Good Idea?

... fiscal framework of all the member states. Furthermore it means that the respective countries can no longer use their isolated monetary policy to increase their competitiveness. This may pose a challenge for the BRICS who pride themselves on their competitive ... ... alternative financial architecture has become the slogan of the economic cooperation between the BRICS. However in my opinion a common currency is hardly a sustainable option, as it will only artificially homogenise the financial framework of the BRICS at ...