Tag: Brazil


In China, Brazil’s President Calls for Alternative to US Dollar in International Trade

April 14, 2023


Brazil’s leftist president began a visit to China on Thursday by taking a swipe at the U.S. dollar and asking why the group of leading emerging economies known as BRICS could not use a currency other than the greenback to […]

Capital and Risk, Macroeconomic

Are Brazil and Argentina Heading Toward a Tragedy of the Monetary Commons?

February 6, 2023


Earlier this month, Argentina and Brazil announced that they would begin working to implement a common currency. The news shocked many economists, including Oliver Blanchard, former chief economist of the International Monetary Fund. Blanchard responded by tweeting: “This Is Insane.” […]