The BRICS nations, originally composed of Brazil, Russia, India, China and South Africa, have had many discussions about ...

Its status as the dominant world currency was cemented by the perception of international ... The dollar’s roles as a medium of exchange and unit of account are likely to erode over time. Financial ...

Since he published his article on the "World Currency Unit" in World Economy, he has been working to perfect this "indexed unit of account." Daily quotations of this unit in alternative currencies ...

By the 1990s the unit had all but disappeared from the world monetary system (Eichengreen and Frankel, 1996). The SDR accomplished a stunning return from the dead at the G-20 meeting in April, when ...

While the US dollar won't be replaced as the world's reserve currency overnight, a concerted effort to eat into its dominance has the chance to erode the greenback's place in the world and cause ...

A reserve currency is the currency in which the majority ... While oil is the most obvious example, there's a broader need for a world unit of exchange. Consider a scenario where a Brazilian ...