Author(s)

Meini Jiang

Jinan University, Guangzhou, China.

In the context of the gradual recovery of the US economy and the poor economic situation in Europe and Japan, the emerging economies are still experiencing rapid growth. The status of emerging economies represented by the BRICS countries on the global stage has been enhanced. The exchange rate, as the main system for foreign exchange of a country, has become a key issue affecting the stable economic development of the BRICS countries. This paper, adopting qualitative analysis, analyzes the development process of the exchange rate system of the BRICS countries, and compares the similarities and differences between the exchange rate regimes between them and the performance after the implementation of the new exchange rate regime. We can find that the choice of the exchange rate system shows that there is no difference between the exchange rate systems. An exchange rate system is suitable for one country, which means a good exchange rate system.

BRICS Countries, Exchange Rate System, Comparison

Jiang, M. (2019) A Comparative Analysis of the Exchange Rate System of the BRICS. Modern Economy, 10, 1168-1177. doi: 10.4236/me.2019.104079.