BRAZILIAN REAL AS A CURRENCY OF FOREIGN DIRECT SETTLEMENTS BETWEEN MERCOSUR COUNTRIES
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BRAZILIAN REAL AS A CURRENCY OF FOREIGN DIRECT SETTLEMENTS BETWEEN MERCOSUR COUNTRIES
Annotation
PII
S0044748X0000616-6-1
Publication type
Article
Status
Published
Edition
Pages
29-42
Abstract
The objective of this article is to calculate the efficiency of direct trade within Mercosur countries on the basis of comparing the amounts of exports and imports when there is no regional currency market of the Real and when it is created and works. The practical importance of this article’s conclusions comes from discovering new opportunities and threats for the Brazilian economy in case of instituting of the regional currency market of the Real and Mercosur countries shifting to the Real when doing their foreign direct settlements as well as subsequent removal of the US dollar from them.
Keywords
MERCOSUR, BRICS, BRAZILIAN REAL, CURRENCY INTERNATIONALIZATION, MERCOSUR COUNTRIES
Date of publication
01.07.2016
Number of purchasers
1
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1029
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