1Lead author, Domestic and Export Market Intelligence Cell (DEMIC), CARDS, Tamil Nadu Agricultural University, Coimbatore-641 003
2Research Associate and Principal Investigator, Domestic and Export Market Intelligence Cell (DEMIC), CARDS, Tamil Nadu Agricultural University, Coimbatore-641 003
Online published on 16 March, 2019.
The present study aims to analyze the comparative performance of currencies of BRICS nations since their formation in 2009 to the recent Chinese Stock Market Crash 0f 2015–16 in order to assess the relative strengths and weaknesses of them to sustain in the global turmoil. The exchange rates for the BRICS countries against US $-the global currency have been obtained from IMF database. Results are presented to show that the currencies of BRICS nations were under mutual influence during various global economic crises and coming under long run association to indicate the sustenance of their economic cooperation from the monetary point of view.
BRICS, currency performance-financial crises-econometric analysis
